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1 Whitford Way (corner Painted Hills Road), Doreen, Vic 3754

1 Whitford Way (corner Painted Hills Road), Doreen, Vic 3754

Offices Medical/Consulting Other

  • For Sale
  • SOLD
  • For Sale

SUCCESSFUL CHILDCARE INVESTMENT - 20 YEAR LEASE TO NATIONAL OPERATOR STORY HOUSE

  • 20 YEAR TRIPLE NET LEASE
  • STORY HOUSE: 37 CENTRES NATIONALLY
  • SUBSTANTIAL LAND AREA OF 3,396SQM*

  • Land Area
  • 3396.00 m² (approx)
  • Floor Area
  • 1,136 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 10, 2021

Interested in this property? Contact an Agent today

CBRE - Victoria

Level 34, 8 Exhibition Street

Melbourne Vic 3000

Josh Twelftree, CBRE - Victoria
Josh Twelftree
Sandro Peluso, CBRE - Victoria
Sandro Peluso
Marcello Caspani-Muto, CBRE - Victoria
Marcello Caspani-Muto

SUCCESSFUL CHILDCARE INVESTMENT - 20 YEAR LEASE TO NATIONAL OPERATOR STORY HOUSE

CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 1 Whitford Way, Doreen. Leased to Story House Early Learning who operate 37 centres nationwide on a Triple Net Lease where the tenant pays all outgoings including land tax.

+ New 20 year lease to Story House Early Learning to 2041 plus options to 2056

+ Substantial landholding of 3,396sqm* with prominent dual street frontages

+ Land area of 3,396sqm* with substantial high-grade purpose built construction of 1,136sqm* (permit approved for 125 child care places) with significant income tax saving depreciation benefits and 25 car spaces

+ Current passing rental of $368,750 per annum with fixed 3.0% annual increases and a 6 month bank guarantee

+ Highly trafficked location with exceptional exposure to Bridge Inn Road of 4,900 cars per day*

+ Strategically located for child care at the Epicentre of Doreens education precinct; Ivanhoe Grammar (200m*), Hazel Glen College (400m*), St Paul the Apostle catholic Primary School (450m*), Ashley Park Primary School (900m*)

+ Located in the City of Whittlesea, one of the fastest growing municipalities

1 Whitford Way (corner Painted Hills Road), Doreen, Vic 3754

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