Sold
BAYSIDE PEARL - CHILDCARE INVESTMENT ON LARGE LAND HOLDING WITH CPI + 1% INCREASES
46 Dendy Street, Brighton VIC 3186
Last Asking Price - $17,000,000
OfficeSize: n/a
Block size: 1839 m² approx.
CBRE Australian Healthcare & Social Infrastructure are pleased to exclusively present for sale 46 Dendy Street, Brighton. This purpose-built childcare centre features prime placement in one of Melbourne's exclusive bayside suburb, Brighton. Nestled along one of Brighton's best streets, occupying a substantial landholding of 1,839sqm*.
Service approved and currently licensed for 171 Long Day Care (LDC) places, the sale presents a unique and compelling opportunity to acquire one of Melbourne's best childcare centre in both design and build quality in one of Melbourne's elite bayside suburb with impeccably maintained existing improvements.
Further enhancing appeal is a highly sought after 15-year triple net lease to Australia's largest and well-known early learning operator, G8 Education. With $850m of market capitalisation and over 450 childcare centres nationwide in operation, this provides investors with the financial security lacking among a wide variety of assets in today's market.
Only 11km* from the Melbourne CBD the centre is also enviably connected to public transport with both train and bus options for staff in additional to notable basement parking options.
+ Annual income of $1,011,998* + outgoings & GST with CPI + 1% annual increases (next increase May 2024)
+ Net lease with tenant paying all outgoings including management fees
+ Premium improvements across two levels encompassing spacious playrooms, offices, and associated spaces across 2380 sqm*.
+ Underlying land area of 1,839 sqm* with 37 premium car parking spots, future proofing long-term investment outcomes
+ Currently licensed for 171 Long Day Care (LDC) places
+ 15 year lease term plus two (2) further ten (10) years options to 2054
+ High exposure location, with substantial street frontage (37m*) offering an excellent opportunity for prominent and highly visible signage
+ Leased to The Learning Sanctuary, part of G8 Education premium centre line ASX listed G8 education, an ASX listed operator across 450+ centres nationally, market cap circa $850 million
LOCATION
+ Positioned down the road of St Joan of arc school (350m) and moments away form Brighton Beach primary school (600m), Brighton Grammar Junior school (1.5km), St Leonards college (2.2km), Brighton Secondary College (2.2km), Haileybury Brighton (2.5km) andStar of the sea College (3.2km)
+ Situated within walking distance to Church street retail & shopping precinct (650m), boasting significant premium retail and hospitality amenity
+ Accessibility options via Dendy Road plus public transport through Middle Brighton Train Station (650m*), Dendy St/ Burrows St (290m), Whyte st/ Dendy street (400m), Dendy Street/ Church street (500m)
+ Located within 11km* of Melbourne CBD with a median house price of approximately $3,100,000* (Melbourne's Medium House $934,000 REIV)
For Sale via Expressions of Interest Closing Thursday 15th February at 2:00pm (AEDT)
For further information, please contact the exclusive sale/leasing and marketing agents:
Jimmy Tat
+61 439 399 118
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
approx*
Service approved and currently licensed for 171 Long Day Care (LDC) places, the sale presents a unique and compelling opportunity to acquire one of Melbourne's best childcare centre in both design and build quality in one of Melbourne's elite bayside suburb with impeccably maintained existing improvements.
Further enhancing appeal is a highly sought after 15-year triple net lease to Australia's largest and well-known early learning operator, G8 Education. With $850m of market capitalisation and over 450 childcare centres nationwide in operation, this provides investors with the financial security lacking among a wide variety of assets in today's market.
Only 11km* from the Melbourne CBD the centre is also enviably connected to public transport with both train and bus options for staff in additional to notable basement parking options.
+ Annual income of $1,011,998* + outgoings & GST with CPI + 1% annual increases (next increase May 2024)
+ Net lease with tenant paying all outgoings including management fees
+ Premium improvements across two levels encompassing spacious playrooms, offices, and associated spaces across 2380 sqm*.
+ Underlying land area of 1,839 sqm* with 37 premium car parking spots, future proofing long-term investment outcomes
+ Currently licensed for 171 Long Day Care (LDC) places
+ 15 year lease term plus two (2) further ten (10) years options to 2054
+ High exposure location, with substantial street frontage (37m*) offering an excellent opportunity for prominent and highly visible signage
+ Leased to The Learning Sanctuary, part of G8 Education premium centre line ASX listed G8 education, an ASX listed operator across 450+ centres nationally, market cap circa $850 million
LOCATION
+ Positioned down the road of St Joan of arc school (350m) and moments away form Brighton Beach primary school (600m), Brighton Grammar Junior school (1.5km), St Leonards college (2.2km), Brighton Secondary College (2.2km), Haileybury Brighton (2.5km) andStar of the sea College (3.2km)
+ Situated within walking distance to Church street retail & shopping precinct (650m), boasting significant premium retail and hospitality amenity
+ Accessibility options via Dendy Road plus public transport through Middle Brighton Train Station (650m*), Dendy St/ Burrows St (290m), Whyte st/ Dendy street (400m), Dendy Street/ Church street (500m)
+ Located within 11km* of Melbourne CBD with a median house price of approximately $3,100,000* (Melbourne's Medium House $934,000 REIV)
For Sale via Expressions of Interest Closing Thursday 15th February at 2:00pm (AEDT)
For further information, please contact the exclusive sale/leasing and marketing agents:
Jimmy Tat
+61 439 399 118
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
approx*
Inspections
No open inspections scheduled.
Send an enquiry
Contact Sandro Peluso to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
1839 m²*
Other Details
Lot:
17
Plan:
LP5645
Legal description:
17\LP5645
Maps and area information
Block information
Block size: 1839m² (approx)
Legal description: 17\LP5645
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
04 Mar 2024
Sold
CBRE
Listed: 20/12/2023
Block size: 1839m²
Transfer type: Full transfer
Brighton suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
49 years
Population
23,252
Listing ID: 182177131. This listing has been viewed 5 times. It was first displayed on 20/12/2023 and last updated on 04/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.