2 Ballarto Road

Frankston North VIC 3200

Part of the Elite Early Education Collection comprising ten (10) premium childcare investments offered individually or in one-line

+New 15-year lease to 2037 with (3) three further (10) ten-year options to 2067

+Annual income of $448,976pa* + Outgoings & GST with fixed annual increases^

+Explorers Early Learning Highly respected, leading private childcare provider specialising in the Victorian market with 22 centres in operation and further across their development pipeline

+Architecturally designed improvements of 872sqm*, with construction completed in late 2022 offering significant depreciation benefits

+Corner landholding with private access via Ballarto Service Road and additional exposure to Dandenong Valley Highway

Location

+Frankston North has experienced a significant growth over the past few years with a high uptake of young families moving within the area due to a variety of factors including affordability

+Centre centrally located within a catchment area containing 6 major school including Frankston Primary School, Aldercourt Primary School, Mahony Rise Primary School, Monterey Secondary college, John Paul College & McCelland College

+Situated near local amenities and necessary everyday services including Woolworths Seaford, Kanaook Train Station and Frankston Beach/Pier all within 5km*

+Accessibility options plentiful with ease of access to the Bayside's main freeways in Mornington Peninsula Freeway and Frankston Freeway

For more information please contact CBRE's National Healthcare & Social Infrastructure team below

Sandro Peluso
0418 389 757

Jimmy Tat
0439 399 118

Marcello Caspani-Muto
0417 065 777


^NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. Figure is net of land tax & land tax is not recoverable. NOI is as at 31 March 2023.