CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 138 Hoffmans Road, Essendon. Leased to Guardian Early Learning who own and operate 100+ centres nationwide. Guardian Early Learning is backed by the Partners Group, one of the largest private market investment managers in the world with AUD $140 billion under management.

• Renewed 10 + 10+ 10 year lease to 2050 (commencing 1 July 2020)

• Land area of 1,894sqm* with substantial high-grade purpose built construction of 804sqm* with 22 car spaces

• Current rental of $491,250 per annum** with fixed 3.5% or CPI annual increases, whichever is greater

• Strong underlying land value with Essendon median house price presently $1,460,000*

• Highly trafficked Hoffmans Road location (5,400 cars per day*) with generous street frontage of 40m*

• Strategically located 250m* to Niddrie Central Shopping Centre anchored by Woolworths and the retail, food and lifestyle village of Keilor Road

• Surrounded by high profile primary schools supporting this long standing child care centre; St John Bosco (400m*), Essendon North Primary School (950m*) and Niddrie Primary School (1.5km*)

For further information please contact the exclusive sales and marketing agents:

Josh Twelftree
+61 452 524 985

Jimmy Tat
+61 439 399 1...

Marcello Caspani-Muto
+61 417 065 777

Sandro Peluso
+61 418 389 757

* approx

** as at 1 July 2021