Newly developed ELC to hit the market as strong momentum continues within the sector

A high quality new development, located in Cranbourne North, currently leased to a successful early learning Montessori provider, Inspire Early Learning, is due to hit the international investment market following on from strong early market momentum in the first quarter of 2022.

Located at 6 Huon Park Road, Cranbourne North this property is being marketed by CBRE’s Australian Healthcare and Social Infrastructure team; Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto.

Strategically positioned close to amenities and within multiple primary catchment areas on a generous 2,000 sqm of land, with a building that is just as impressive, Inspire Early Learning pay an annual rent of $367,000pa*.

Sandro Peluso said β€œThis premium education investment opportunity being brought to market emphasizes the confidence and strength of the early learning market. Investors are excited about the potential in these developments, particularly when located side-by-side with high growth communities. The attraction of this property is heightened further at this time in place, w where construction costs are increasing monthly and there is a high level of demand for purpose-built early education facilities with blue-chip tenants. We expect to see this trajectory continue well into the second half of 2022.”

β€œThis property is well sought after given its high-growth location as well as the quality of the covenant. Inspire Early Learning is a well-established, high-quality tenant , with their priority being exceptional operational performance and a personal approach to each child. They are a rapidly growing business that is taking their expertise in early learning education all around Victoria and given their high occupancy rates it is a fantastic opportunity for them to enter the Cranbourne community.”

Jimmy Tat said β€œWith approval for 106 places at a rental per place of $3,462.26* it is of no surprise that we expect the property to be extremely popular with potential investors and those wanting to expand their early education portfolios. Additionally, the rents are very fair which gives investors comfort. The postcode represents immense growth mixed with the rare opportunity to have a blue-chip premium tenant as Inspire Early Learning.”

Positioned within close vicinity of numerous premium primary and high school’s as well as exceptional community and other service amenities, this excellent early education investment is going to capture the attention of the market.

6 Huon Park Road will be offered for sale via Boardroom Auction on 25th of May at 2:30pm – CBRE offices on Level 34, 8 Exhibition Street, Melbourne.

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