For Sale

58-64 Parer Road, AIRPORT WEST 3042

  • Building Area 1,627 m²
  • Sale Price CONTACT AGENT

Brand New, 20 year Lease Childcare Centre

Highlights

  • New 20-year Lease with options to 2059
  • NET income: $363,000 p.a.
  • Major tax depreciation benefits

Description

ICR Property Group are delighted to present, 58-64 Parer Road, Airport West, to be sold with a brand new 20-year Lease.

This new 110 placement childcare centre trading as Nido Early School offers significant upsides, inclusive of strong future rental growth and major tax depreciation benefits.

Nido Early School is a collection of early schools for children focused on providing child care services and early childhood development interactions. They currently operate 20 childcare centres across Australia with another 6 centres opening soon, including the Airport West centre (https://nidoearlyschool.com.au/centres/nido-airport-west).

It has also been reported that Mercedes Benz will be paying a speculated $25 million for a high-profile, strategic site at 71 Matthews Avenue. Read the full article here: https://www.smh.com.au/business/companies/mercedes-benz-parking-25m-at-airport-west-20180322-p4z5nw.html.

The property is situated in a high demand location for childcare services and easily accessible via the Tullamarine/Calder Freeway and Western Ring Road.

Key features:
- Major tax depreciation benefits
- Tenant: THINK Edhod 3 Airport West Par Pty Ltd trading as Nido Early School
- New 20-year Lease + Ten (10) + Ten (10) year options
- NET income: $363,000 p.a.
- 3% annual increases
- 110 placement childcare centre
- Completion due in March 2019
- Land area: 2,451 sqm*
- Building area: 1,627 sqm*

Location:
- Hawker St/Matthews Ave light rail: 750 m* (stop 57, route 59 to Flinders Street Station)
- Tullamarine Fwy: 450 m*
- Western Ring Road: 1.5 kms*
- Calder Fwy: 3.3 kms*
- Melbourne airport: 6 kms*
- Melbourne CBD: 15 kms*

Local Amenities:
- Coles Airport West: 800 m*
- Westfield Airport West: 1.1 kms*
- Essendon Fields: 3.6 kms*
- DFO Essendon: 3.7 kms*
- Keilor Road retail strip: 3.9 kms*
- Car Dealerships (Subaru, Toyota, Mazda, Ford, Hyundai, Kia, Nissan, Mitsubishi, Volkswagen): 2.4 kms*
*Approx (Source: Google Maps 2018)

It is a must for a long-term investment hold and ICR Property Group invites you to get in touch with one of our Exclusive Sales Agents to find out more about this opportunity and to organise an inspection.

Raff De Luise - +61 (0) 418 533 633

Julian Materia - +61 (0) 498 188 011

Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate.

Zoning Commercial 2 Zone Council

Moonee Valley City Council

Tenure

Vacant

Pricing

All prices are indicative plus GST (if any).

Car Spaces

21

Building Area 1,627 m² Land Area 2,451 m²

Documents

Agents

Raff De Luise

Julian Materia

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