Elles Belles Early Learning, 730-734 North Road,
Ormond, VIC 3204
Medical & Consulting • Shops & Retail • Other
Price information
Sale - Expression of Interest
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$464,130
Number of Tenants
1 Tenant
Tenants / Type
Elles Belles Early Learning
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Elles Belles Early Learning, 730-734 North Road
Ormond, VIC 3204
Map of Elles Belles Early Learning, 730-734 North Road
Train stations within 5 km of Elles Belles Early Learning, 730-734 North Road, Ormond, VIC 3204 Distance Ormond Station 1.1 km McKinnon Station 1.3 km Bentleigh Station 1.8 km Glenhuntly Station 1.9 km Murrumbeena Station 2.2 km POWERED BY HERE ©Tram stops within 5 km of Elles Belles Early Learning, 730-734 North Road, Ormond, VIC 3204 Distance 68-Carnegie/Truganini Rd (Carnegie) 1.4 km 67-Centre Rd/Truganini Rd (Carnegie) 1.5 km 66-Glenhuntly Rd/Truganini Rd (Carnegie) 1.6 km 65-Mimosa Rd/Glenhuntly Rd (Carnegie) 1.7 km 66-Truganini Rd/Glenhuntly Rd (Carnegie) 1.7 km POWERED BY HERE ©Bus stops within 5 km of Elles Belles Early Learning, 730-734 North Road, Ormond, VIC 3204 Distance Collins St/North Rd (Ormond) 20 m Bewdley St/North Rd (Ormond) 172 m Wild Cherry Rd/North Rd (Ormond) 173 m North Rd/Koornang Rd (Ormond) 203 m Tucker Rd/North Rd (Ormond) 210 m POWERED BY HERE ©
POWERED BY HERE ©
Impressive Childcare within Prestigious Education Catchment Zone
- Minimum 3% annual rent increases
- Strategic 1,026 sqm city-bound site
- Located in high demand school zone
Burgess Rawson is pleased to offer to the market, Elles Belles Early Learning located in Ormond VIC, for sale via an Expression of Interest campaign closing Thursday 27 June 3pm (AEST).
The property has the following key investment highlights:
+ 15-year net lease to Elles Belles Early Learning to 2037.
+ Two further 10-year options to 2057.
+ Elles Belles Early Learning : boutique operator with a further strong-trading centre in Cheltenham.
+ Desirable rent increases to the greater of CPI or 3%pa, ensuring rental growth.
+ Tenant pays all outgoings including land tax.
+ Impressive double storey childcare facility, with service approval for 94 LDC places and basement parking for 20 cars.
+ Strategic 1,026 sqm main road ‘city-bound’ site, with exposure to 39,000 + vehicles passing daily and located only 12 kilometres from the Melbourne CBD.
+ The centre is located within the McKinnon school zone, including one of Victoria’s top ranking high schools – McKinnon Secondary College, McKinnon Primary School, Valkstone Primary School, Kilvington Grammar School and St Patrick’s School.
+ Conveniently located 3 kilometres from Chadstone Shopping Centre, one of Australia’s largest shopping centres, underpinned by Aldi, Coles, Woolworths and 420+ specialty stores.
+ As new construction with significant depreciation benefits.
+ Child care/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: $464,130pa + GST.
For Sale via Expressions of Interest
Closing 3:00pm (AEST) Thursday 27 June 2024
^^^ Australian Government Department of Education
The property has the following key investment highlights:
+ 15-year net lease to Elles Belles Early Learning to 2037.
+ Two further 10-year options to 2057.
+ Elles Belles Early Learning : boutique operator with a further strong-trading centre in Cheltenham.
+ Desirable rent increases to the greater of CPI or 3%pa, ensuring rental growth.
+ Tenant pays all outgoings including land tax.
+ Impressive double storey childcare facility, with service approval for 94 LDC places and basement parking for 20 cars.
+ Strategic 1,026 sqm main road ‘city-bound’ site, with exposure to 39,000 + vehicles passing daily and located only 12 kilometres from the Melbourne CBD.
+ The centre is located within the McKinnon school zone, including one of Victoria’s top ranking high schools – McKinnon Secondary College, McKinnon Primary School, Valkstone Primary School, Kilvington Grammar School and St Patrick’s School.
+ Conveniently located 3 kilometres from Chadstone Shopping Centre, one of Australia’s largest shopping centres, underpinned by Aldi, Coles, Woolworths and 420+ specialty stores.
+ As new construction with significant depreciation benefits.
+ Child care/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: $464,130pa + GST.
For Sale via Expressions of Interest
Closing 3:00pm (AEST) Thursday 27 June 2024
^^^ Australian Government Department of Education
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Property ID: 504603896Last Updated: 8 Jul 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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