Story House Early Learning, 329 - 331 Springvale Road,
Forest Hill, VIC 3131
Medical & Consulting • Shops & Retail • Other
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$378,420
Number of Tenants
1 Tenant
Tenants / Type
Story House Early Learning
Private inspections
to arrange a private inspection.
Map of Story House Early Learning, 329 - 331 Springvale Road
Train stations within 5 km of Story House Early Learning, 329 - 331 Springvale Road, Forest Hill, VIC 3131 Distance Nunawading Station 1.5 km Mitcham Station 2.4 km Blackburn Station 2.5 km Laburnum Station 3.2 km Heatherdale Station 3.9 km POWERED BY HERE ©Tram stops within 5 km of Story House Early Learning, 329 - 331 Springvale Road, Forest Hill, VIC 3131 Distance 73-Springvale Rd/Burwood Hwy (Vermont South) 2.2 km 72-Lakeside Dr/Burwood Hwy (Burwood East) 2.4 km 74-Stanley Rd/Burwood Hwy (Vermont South) 2.5 km 71-Sevenoaks Rd/Burwood Hwy (Burwood East) 2.6 km 75-Vermont South Shopping Centre/Burwood Hwy (Vermont South) 2.7 km POWERED BY HERE ©Bus stops within 5 km of Story House Early Learning, 329 - 331 Springvale Road, Forest Hill, VIC 3131 Distance Glen Valley Rd/Springvale Rd (Forest Hill) 36 m Caves GR/Springvale Rd (Forest Hill) 64 m Cumberland CtSpringvale Rd 229 m Canterbury Rd/Springvale Rd (Forest Hill) 243 m Thornhill DrCanterbury Rd 326 m POWERED BY HERE ©
POWERED BY HERE ©
Strategic Childcare Investment | 20 Year Net Lease to National Operator
- Fixed 3% annual rent increases
- Exposure to 53,000+ vehicles daily*
- Significant depreciation benefits
Burgess Rawson is pleased to offer to the market, 329-331 Springvale Road, Forest Hill VIC for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ New 20 year net lease to Story House to 2044.
+ Three further 5 year options to 2059.
+ Story House: leading early childhood education provider, with a network of 50 centres across the eastern seaboard.
+ Desirable 3% annual rent increases.
+ Tenant pays all outgoings including land tax.
+ Multi level state-of-the-art centre licensed for 102 LDC places.
+ New construction with significant depreciation benefits.
+ Significant 1,553sqm* landholding fronting Springvale Road, a key activity precinct servicing many local businesses and providing a north to south connection from Doncaster East to Edithvale, whilst providing exposure to 53,000+ passing vehicles daily*.
+ Situated amongst significant educational precinct – 10 schools within 2km radius*.
+ Conveniently located 600 metres from Forest Hill Chase, a three-level major regional shopping centre anchored by Coles, Woolworths, Big W, Target, ALDI, HOYTS and AMF Bowling, and supported by 131 specialty retailers. The site is also within close proximity from the Harvey Norman-anchored Nunawading Home HQ, and Brentford Square Shopping Centre, underpinned by Woolworths.
+ 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: $378,420 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
This opportunity has the following key investment highlights:
+ New 20 year net lease to Story House to 2044.
+ Three further 5 year options to 2059.
+ Story House: leading early childhood education provider, with a network of 50 centres across the eastern seaboard.
+ Desirable 3% annual rent increases.
+ Tenant pays all outgoings including land tax.
+ Multi level state-of-the-art centre licensed for 102 LDC places.
+ New construction with significant depreciation benefits.
+ Significant 1,553sqm* landholding fronting Springvale Road, a key activity precinct servicing many local businesses and providing a north to south connection from Doncaster East to Edithvale, whilst providing exposure to 53,000+ passing vehicles daily*.
+ Situated amongst significant educational precinct – 10 schools within 2km radius*.
+ Conveniently located 600 metres from Forest Hill Chase, a three-level major regional shopping centre anchored by Coles, Woolworths, Big W, Target, ALDI, HOYTS and AMF Bowling, and supported by 131 specialty retailers. The site is also within close proximity from the Harvey Norman-anchored Nunawading Home HQ, and Brentford Square Shopping Centre, underpinned by Woolworths.
+ 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: $378,420 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: 504542604Last Updated: 19 Dec 2024
Story House Early Learning, 329 - 331 Springvale Road
Forest Hill, VIC 3131
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Burgess Rawson - BrisbaneLevel 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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