519 Melbourne Road,
Newport, VIC 3015

Medical & Consulting • Offices • Shops & Retail

Key property information

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Map of 519 Melbourne Road

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BRAND NEW CHILDCARE INVESTMENT - A HOP, SKIP AND A JUMP TO MELBOURNE CBD

CBRE Victorian Health, Aged and Child Care are pleased to present to the market 519 Melbourne Road, Newport for sale via expressions of interest closing Tuesday 27th February at 2pm.

We highlight some key features below:

- Leased to Little Seeds Early Learning Centre, a joint venture between two of Australia's most successful childcare operators

- New 15 year lease with options to 2052

- Currently under construction and scheduled to open October 2018

- Passing rental income of $520,000 p.a* with annual built in rental growth

- New state of the art building of 3,204sqm* licensed for 130 places plus 20 onsite car spaces

- Substantial landholding of 1,640sqm* with prominent dual street frontages only 6km* from the CBD

- Close proximity to the cosmopolitan Newport shopping strip, Newport station, Newport Lakes Primary School, Sacred Heart Primary School and Spotswood Primary School

*Approx

For sale via expressions of interest closing Tuesday 27th February at 2pm

Josh Twelftree
+61 452 524 985

Sandro Peluso
+61 418 389 757

Kinson Wong
+61 450 712 341

Newport, 3015 demographic data

The median household income for Newport is $2,657, 40% higher than Greater Melbourne's household income of $1,901. Newport has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 58% of property owners in Newport have a mortgage.

13,658

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$2,657 per week

Median household income

38 years

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