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Burgess Rawson - Melbourne

Children First Education, 762-764 Whitehorse Road Mitcham, VIC 3132

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Children First Education, 762-764 Whitehorse Road,
Mitcham, VIC 3132

Medical & Consulting • Shops & Retail • Showrooms & Large Format Retail

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Sale

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$601,120
Number of Tenants
1 Tenant
Tenants / Type
Children First Education

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Burgess Rawson - Melbourne
Natalie Couper
Justin Kramersh

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Children First Education, 762-764 Whitehorse Road
Mitcham, VIC 3132

Map of Children First Education, 762-764 Whitehorse Road

Directions
  • Train stations within 5 km of Children First Education, 762-764 Whitehorse Road, Mitcham, VIC 3132Distance
    Heatherdale Station174 m
    Ringwood Station1.5 km
    Mitcham Station1.8 km
    Heathmont Station3 km
    Nunawading Station3.3 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Children First Education, 762-764 Whitehorse Road, Mitcham, VIC 3132Distance
    Heatherdale Rd/Whitehorse Rd (Ringwood)48 m
    Heatherdale Station/Molan St (Mitcham)223 m
    Edgerton Rd/Deep Creek Rd (Mitcham)536 m
    Deep Creek RdWhitehorse Rd561 m
    Sherbrook Ave/Whitehorse Rd (Ringwood)562 m
    POWERED BY HERE ©
POWERED BY HERE ©

High-Exposure Childcare Investment Leased to National Operator

  • Fixed 3% annual rent increases
  • 10 schools within 3km radius*
  • Significant depreciation benefits
Burgess Rawson is pleased to offer to the market, 762-764 Whitehorse Road, Mitcham VIC for sale via Offers to Purchase.

This opportunity has the following key investment highlights:

+ New 20 year net lease to Children First Education to 2044.
+ Three further 10 year options to 2074.
+ Children First Early Education: experienced early education provider, with a network of 10 centres and growing.
+ Fixed 3% annual rent increases.
+ Tenant pays all outgoings including land tax.
+ Stunning 869sqm double story childcare centre licensed for 128 LDC places.
+ New construction with significant depreciation benefits.
+ High-exposure 1,865sqm* corner site, prominently situated at the intersection of Maroondah Highway /Whitehorse Road and Heatherdale Road. It benefits from exposure to over 55,000 passing vehicles daily* and is conveniently positioned just 300 meters from Eastlink, a vital commuter route.
+ Situated amongst significant educational precinct - 10 schools within a 3km radius*.
+ Positioned strategically opposite Heatherdale Train Station and only 700 meters from Ringwood Square Shopping Centre, underpinned by Coles, Aldi, and Bunnings, alongside various complementary specialty retailers. Additionally, it is conveniently located within close proximity to Costco and Eastland Shopping Centre, a super-regional shopping destination featuring major retailers: Coles, Myer, and Woolworths, along with over 350 specialty retailers.
+ Situated within the sought-after City of Whitehorse, a highly desirable location known for its family friendly atmosphere. Located only 15km* from the CBD, The City of Whitehorse boasts a median house price of $1,330,000, significantly surpassing the Melbourne Metropolitan area's median of $892,500. Notably, Whitehorse ranks among the top 10 local governments in Victoria in terms of median house prices.***
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^^^
+ Net Income: $601,120 pa* + GST.

For Sale via Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^^^ Australian Government Department of Education
***City of Whitehorse

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Property ID: 504542588Last Updated: 17 May 2024

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