CBRE is pleased to offer to the market Eden Academy, located at 282-288 Geelong Road (Princes Hwy), West Footscray VIC for sale via Private Treaty. This opportunity has the following key investment highlights:
+ Twenty (20) year net lease to August 2040
+ One (1) further ten (10) year option to August 2050
+ Eden Academy: industry-leading early education provider with a network of 62 centres nationally
+ Fixed 3% annual rent increases, ensuring rental growth
+ Tenant pays all usual outgoings
+ State-of-the-art 2,228sqm* triple-level facility, licensed for 145 LDC places with secure basement parking for 25 cars
+ Strong-trading centre with high occupancy and a waitlist and located only 330m* from Bunnings and close proximity to the new $1.5 billion Footscray Hospital (opening 2026)
+ Centrally located close to Inner Metro Melbourne’s major retail and lifestyle amenity, including Altona Gate, Central West, DFO Southwarf, Highpoint and Footscray Plaza, under pinned by national retailers, including ALDI, Chemist Warehouse, Coles, KFC, Kmart, McDonalds, Target and Woolworths
+ Strategic 1,330sqm* corner site fronting Geelong Road (Princes Highway) with exposure to over 55,000 vehicles daily and with seamless access to West Gate Freeway, with over 170,000 vehicles passing daily^
+ Footscray: Developing inner metro suburb, with population forecast to increase by 76% by 2050^^
+ Maribyrnong City: 7km* north-west from the Melbourne CBD and projecting significant population growth of 63% to 155,006 residents by 2051^^
+ Childcare/ Early Education is an essential service asset class with both Federal and State Government’s allocating over $16 billion in funding for FY25, including $3.6 billion supporting wages and $1 billion to expand access in undersupplied areas
+ Net Income: $775,160 pa* + GST For Sale via Private Treaty Please contact the exclusively appointed team for more information. * Approx ^ Gapmaps ^^ Forecast.id