For Sale
Land Tax Recoverable Ormond Childcare Investment
Elles Belles Early Learning, 730-734 North Road, Ormond VIC
IMMEDIATE SALE
Stonebridge is pleased to present Elles Belles Early Learning Ormond (Melbourne) for Immediate Sale.
The key highlights of the opportunity include:
- 15 year net lease to 2037 plus 2 further 10 year options to 2057 with the greater of CPI or 3% increases
- Elles Belles Early Learning – strong trading, boutique early learning provider with a further established centre located in Cheltenham
- Ideally located 1,014 sqm* Neighbourhood Residential zoned site with 28m* of frontage to North Road (37,000 passing vehicles daily^)
- Purpose built, double storey childcare facility completed in 2022 licensed for 94 LDC places
- Located 12km* from the Melbourne CBD in the affluent suburb of Ormond which boasts a median house price of $1.8 million^^
- Strong residential catchment with 30 schools within a 3km* radius of the property including McKinnon and Bentleigh Secondary Schools
- Net Income $464,130 pa* + GST with Tenant paying all usual outgoings including Land Tax
To obtain further information, or arrange an inspection please contact the exclusive selling agents.
