CBRE is pleased to offer to the market Choklits Child Care, located at 374 Maroondah Highway, Croydon VIC, for sale via Private Treaty. This opportunity has the following key investment highlights:
+ Ten (10) year net lease to 2032.
+ Two (2) further ten (10) year options to 2052.
+ Choklits Child Care: boutique early education provider with a network of three locations across East Melbourne.
+ Fixed 3% annual rent increases, ensuring rental growth.
+ Tenant pays all usual outgoings.
+ High-performing 120 LDC place childcare centre with 100% occupancy and extensive wait-list.
+ Strategic 2,199sqm* site fronting the Maroondah Hwy
– a major thoroughfare linking Melbournes eastern suburbs and over 40,000 vehicles passing daily.^
+ Close to major retail amenities, including Maroondah Village, Mooroolbark Terrace, Croydon Central and Chirnside Park shopping centre, anchored by national retailers including: ALDI, Coles, Chemist Warehouse and Woolworths.
+ Croydon: highly desirable family-friendly suburb only 28km* from Melbourne CBD.
+ City of Maroondah: thriving economy with population forecast to grow to over 140,000 by 2046, and currently generates $21.921 billion in annual economic output with an estimated 48,000 jobs in the locality.^^
+ 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 underserved areas.
+ Net Income: $321,818 pa* + GST For Sale by Private Treaty.
Please contact the exclusively appointed team for more information. * Approx ^ Gapmaps ^^ Forecast.id