1 Whitford Way (corner Painted Hills Road),
Doreen, VIC 3754
Offices • Medical & Consulting • Other
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
04393991...
1 Whitford Way (corner Painted Hills Road)
Doreen, VIC 3754
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SUCCESSFUL CHILDCARE INVESTMENT - 20 YEAR LEASE TO NATIONAL OPERATOR STORY HOUSE
CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 1 Whitford Way, Doreen. Leased to Story House Early Learning who operate 37 centres nationwide on a Triple Net Lease where the tenant pays all outgoings including land tax.
+ New 20 year lease to Story House Early Learning to 2041 plus options to 2056
+ Substantial landholding of 3,396sqm* with prominent dual street frontages
+ Land area of 3,396sqm* with substantial high-grade purpose built construction of 1,136sqm* (permit approved for 125 child care places) with significant income tax saving depreciation benefits and 25 car spaces
+ Current passing rental of $368,750 per annum with fixed 3.0% annual increases and a 6 month bank guarantee
+ Highly trafficked location with exceptional exposure to Bridge Inn Road of 4,900 cars per day*
+ Strategically located for child care at the Epicentre of Doreens education precinct; Ivanhoe Grammar (200m*), Hazel Glen College (400m*), St Paul the Apostle catholic Primary School (450m*), Ashley Park Primary School (900m*)
+ Located in the City of Whittlesea, one of the fastest growing municipalities in Australia, welcoming 156 new residents and 76 babies born every week
+ Doreen has a larger percentage of persons aged 0 to 4 (11.6% compared to 6.3% - Victorian Average) and a higher total labour force participation rate (73.9% compared to 60.5% - Victorian Average)
+ 1km* to Mernda Junction Shopping Centre anchored by Coles and Mernda train station providing direct access to Melbourne CBD in under 1hour
SOLD
OPEN FOR INSPECTION:
+ Saturday 27th March at 9am
For more information please contact the exclusive sales and marketing agents below.
Josh Twelftree
0452 524 985
Sandro Peluso
0418 389 757
Jimmy Tat
0439 399 188
Marcello Caspani-Muto
0417 065 777
approx*
+ New 20 year lease to Story House Early Learning to 2041 plus options to 2056
+ Substantial landholding of 3,396sqm* with prominent dual street frontages
+ Land area of 3,396sqm* with substantial high-grade purpose built construction of 1,136sqm* (permit approved for 125 child care places) with significant income tax saving depreciation benefits and 25 car spaces
+ Current passing rental of $368,750 per annum with fixed 3.0% annual increases and a 6 month bank guarantee
+ Highly trafficked location with exceptional exposure to Bridge Inn Road of 4,900 cars per day*
+ Strategically located for child care at the Epicentre of Doreens education precinct; Ivanhoe Grammar (200m*), Hazel Glen College (400m*), St Paul the Apostle catholic Primary School (450m*), Ashley Park Primary School (900m*)
+ Located in the City of Whittlesea, one of the fastest growing municipalities in Australia, welcoming 156 new residents and 76 babies born every week
+ Doreen has a larger percentage of persons aged 0 to 4 (11.6% compared to 6.3% - Victorian Average) and a higher total labour force participation rate (73.9% compared to 60.5% - Victorian Average)
+ 1km* to Mernda Junction Shopping Centre anchored by Coles and Mernda train station providing direct access to Melbourne CBD in under 1hour
SOLD
OPEN FOR INSPECTION:
+ Saturday 27th March at 9am
For more information please contact the exclusive sales and marketing agents below.
Josh Twelftree
0452 524 985
Sandro Peluso
0418 389 757
Jimmy Tat
0439 399 188
Marcello Caspani-Muto
0417 065 777
approx*
Property ID: 503759078Last Updated: 3 Sep 2021
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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