8-10 Sherwin Court

Melton VIC 3337

CBRE Australian Healthcare & Social Infrastructure is delighted to exclusively offer for sale 8-10 Sherwin Court, Melton. A purpose built childcare centre on over an acre of land with immediate value-add / expansion potential.Leased to highly respected Victorian provider Little Stars with 7+ locations, the subject property features a demonstrated history of strong long-term occupancy strength and stability.Overview:+Annual income of $365,650 pa* + GST and outgoings (As at Feb-24), plus 6-month bank guarantee and directors guarantees+Leased to Little Stars - Longstanding Victorian early learning provider with 7+ locations and a proven history of strong occupancy+Immediate value-add potential with plans for a 31 place extension (STCA)+Low site coverage with well maintained improvements across 792sqm* and oversized outdoor spaces+10 year net lease until 2034 plus options to 2064+Substantial underlying land area of 4,004sqm Location:+ One of Australia's highest growth locations with a forecast population increase of 102% by 2046+Well connected to educational institutions inclusive of, Muhammadiyah Australia College (180m*), Melton Primary School (2.2km*), St Dominics Primary School (2.3km*), CCO Melton (2.6km*), Djerriwarrh Community College (1.2km*), and more+Within immediate proximity of both retail and dinning amenity including Melton Gateway (1.0km*), Central Walk Shopping Centre (2.3km*), Melton IGA (2.3km*), Aldi Melton (2.7km*), and moreFor sale via expressions of interest closing Tuesday 29th October at 2:00pm (AEDT).For further information, please contact the exclusive sales and marketing agents:Jimmy Tat+61 439 399 118Marcello Caspani-Muto+61 417 065 777Sandro Peluso+61 418 389 757approx*