130 BROSSARD ROAD M I C K L E H A M
BRAND NEW CHILDCARE CENTRE For Sale by Expressions of Interest closing on Thursday 23rd June 2022 at 3.00pm
Set to open June 2023
Contents
130 BROSSARD ROAD M I C K L E H A M
Artists Impression
INTRODUCTION
04
EXECUTIVE SUMMARY
06
LOCATION
08
BOTANICAL ESTATE
10
TENANCY PROFILE
14
TENANCY DETAILS
18
WHY BUY?
20
PROPERTY PARTICULARS
22
BUILDING PARTICULARS
24
FLOORPLAN
26
MARKET SALES ACTIVITY
28
SALE METHOD
30
Introduction Aston Commercial are pleased to offer this outstanding new Childcare facility located at 130 Brossard Road, Mickleham for sale by Expressions of Interest closing on Thursday 23rd June 2022 at 3pm. This soon to be built state of the art child care facility has been designed to the highest quality and standards. It offers an exceptional long term investment opportunity in this highly sought property sector and should grab your attention for these compelling reasons. • Strength of Childcare Sector - benefiting from the governments significant financial backing and the massive growth of children in care see’s this sector as safe and still growing. • Fastest Growing Regions – Mickleham is located north of the city in one of Melbourne’s largest growth corridors providing latent population and a true demand for childcare places. • Quality of Tenant - apart from the long-term landlord favoured lease, One Early Education Group provides a state of the art curriculum for children to truly thrive. Operating several leading centres around Victoria As you search for compelling reasons to attract your hard-earned investment dollars 130 Brossard Road offers a long term secure lease, to a quality tenant in one of Victoria’s fastest growing regions. Aston Commercial has no hesitation in recommending this property for your serious consideration.
4
Photos from One Early Educations existing centres
Executive Summary 130 BROSSARD ROAD M I C K L E H A M
Brand new Childcare facility licensed for 118 places plus 17 on-site car spaces. Approximately 29km North of Melbourne’s CBD
PROPERTY
LEASE DETAILS
130 Brossard Road, Mickleham
Securely leased to One Early Education Group on a long term lease with a commencement rent of $389,400 per annum.
LAND / BUILDING AREA
ZONING
Land Area: 2,322 sqm Building Area: 796 sqm
Urban Growth Zone Schedule 4 (UGZ4)
METHOD OF SALE
TERMS OF SALE
For Sale by Expressions of Interest (EOI) closing on Thursday 23rd June 2022 at 3pm
10% deposit with balance payable in 120 days *approx.
EXCLUSIVE SELLING AGENTS
6
Liam Rafferty
Jeremy Gruzewski
Associate Director 0421 886 655 liam@astoncommercial.com.au
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
Location MICKLEHAM – 3064 Hume City has increased significantly in population over the last twenty years, with growth around Sunbury and Craigieburn townships in the north and north-west of the City, as well as through the creation of ‘new’ suburbs such as Meadow Heights, Greenvale, Roxburgh Park & Mickleham. The primary housing market role that the City played over this period was to provide affordable home owning opportunities for families and prospective families from the middle and outer northern suburbs of Melbourne, as well as overseas migrants. This is expected to continue over the forecast period. Mickleham is changing fast. Where once it was better known as the name of an arterial road connecting the airport to Melbourne’s outer northern suburbs, today it’s a fully-fledged, rapidly-growing suburb. In 2016, the total population of Mickleham was estimated to be 3,306 people. It is expected to increase by over 31,006 people to 34,312 by 2031, at an average annual growth rate of 16.88%.
8
130 BROSSARD ROAD M I C K L E H A M
10
130 BROSSARD ROAD M I C K L E H A M
Botanical Estate The property is positioned within the newly constructed Botanical estate by Satterley Property Group. Botanical offers the best positioned land for sale in Mickleham with easy access to the Melbourne CBD via the Tullamarine Freeway or a 45-minute train ride from the nearby Donnybrook railway station. Within Botanical you will find over 30 hectares of planned open spaces, a planned shopping village, planned sports oval and connection to a neighbouring future community recreation facility.
The number of dwellings in Mickleham is forecast to grow from 1,086 in 2016 to 16,345 in 2041. 11
Mickleham’s population is expected to increase at an average annual growth rate of 16.88%.
Tenancy Profile One Early Education Group exclusively offers the first Brain Development Program from the USA, placing a special emphasis on brain development and its importance in early childhood education with specifically designed activities on multiple formats using sight, touch, sound and play in an environment to influence the way a child’s mind grows. Additionally, One Early Education Group offers nutritionally balanced meals and snacks created by their own specialist nutritionist. One Early Learning Group provides holistic and individual programs enhancing the most important years of a child’s brain development and learning patterns that occur from birth to age five. One Early Education Group provides an experience for children that is immensely nourishing and developmental to the richness of a child’s early years, social interaction, curiosity stimulation, structure and free-form learning adventures, through both planned and spontaneous play. Their unique approach places special emphasis on all aspects of each child’s development with their tailored enrichment programs integrating Art & Music, mindfulness and sport across the learning and development of each child. For further information, please visit: www.onelearn.com.au
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This is what people are saying Melbourne’s south-east is the new epicentre of world-class childcare
Transforming traditional childcare models,
FOCUS ON … EDUCATIO
World class c Melbourne’s south-east is the new epicentre of world-class childcare thanks to forward-thinking One Early Education CEO, Richard Rice. Transforming traditional childcare models, One Early Education combines state-of-theart facilities with play-based learning and an exclusive brain development program, specifically designed to provide the optimum environment for a child during their critical early years. “One of the main reasons families choose One is because of our uniquely awesome team of educators, dedicated to the children’s education and development,” said Richard Rice. “One Early Education’s industry-leading culture for holistic education allows us to cherrypick only the very best educators for our centres.” The purpose-built, state-of-the art centres in Officer, Clyde North and Cranbourne East each have an abundance of natural light and wonderful play spaces which allow opportunities for both structured and unstructured play, critical to a child’s optimal development. Innovative Covid-safe protocols ensure the safety and wellbeing of the children at every centre. Feedback from families has been extremely positive, with many expressing gratitude for how safe and reassured they felt thanks to One’s proactive response to the pandemic. A nutritionist and on-site cook provide a seasonal menu for the children which is not only optimal for their bodies’ development, but also delicious, creating a positive association with healthy food from a young age. The outdoor spaces with abundant veggie gardens, climbing forts and natural elements all encourage gross motor development, while enrichment programs, underpinned by their
Tenancy Profile Cont. 16
Outdoor spaces encourage gross motor developm exclusive brain development program, allow children to grow holistically. The first five years are critical to a child’s development as the foundations for learning, health and behaviour throughout life are laid down. The One Early Education curriculum has been developed with the Australian child in mind and guided by the Australian Early Years Learning Framework. “The childcare sector is changing,” added Mr Rice, “and parents are demanding great facilities, high quality staff and importantly, enriching programs that provide incredible learning experiences.”
1.
Cranbourne East
2.
Wollert
3.
Officer
4.
Clyde North
One Early Education is one of the largest private
5.
Truganina
childcare providers and well established across
6.
Roxburgh Park
Victoria with operating centres located in;
7.
Mickleham
L O N G D AY C A R E & K I N D E R G A R T E N
Nurturing and learning through play Our amazing, qualified educators are
about One Early Education
ON CHOICES
child care The outdoor spaces with abundant veggie gardens, climbing forts and natural elements all encourage gross motor development,
ment.
An abundance of natural light fills the centres.
“The childcare sector is changing,” added Mr Rice, “and parents are demanding great facilities, high quality staff and importantly, enriching programs that provide incredible learning experiences.” 17
Tenancy Details LESSEE: MICKLEHAM BUSINESS ONE EEG Pty Ltd RENTAL: $389,400 pa + GST and outgoings PRICE PER CHILD: $3,300 LEASE TERM: Fourteen (14) years and eleven (11) months LEASE COMMENCEMENT: 1st March 2023 LEASE EXPIRY: 31st January 2038 FURTHER OPTIONS: Three (3) further terms of ten (10) years RENT REVIEWS: Fixed 3% annual rent increases and market review at the commencement of each further term SECURITY: An amount equal to three (3) month’s rent plus GST
18
Photo from One Early Learning Officer
Why Buy? SECURITY The rent per child at just $3,300 is well below industry benchmarks providing a secure business platform for your tenant to succeed.
HIGH OCCUPANCY It is a growth suburb with a high percentage of young families that will statistically seek and use childcare.
INCREASE IN CAPITAL VALUE With strong population growth in the immediate area, large land holdings become scarce. Underpinned by its triple frontage and positioned amongst a strong and emerging education precinct.
DEPRECIATION BENEFITS Being newly built, buyers will be able to unlock maximum depreciation benefits.
PROVEN TENANT Successful tenant with multiple centres across Victoria 20
Property Particulars TITLE PARTICULARS The property is contained in one certificate of title Volume: 11883 Folio: 403 Lot N on Plan of Subdivision 819176V
LAND DIMENSIONS AND AREA Brossard Road Frontage
48.2 metres*
Lemongrass Drive Frontage 38.6 metres* Sugarcane Street Frontage
42.2 metres*
Western Boundary
53.3 metres*
Total Land Area:
2,322 square metres*
*Approx
ZONING: Under the Hume City Council Planning Scheme the land is zoned Urban Growth Zone - Schedule 4 (UGZ4)
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130 BROSSARD ROAD M I C K L E H A M
Building Particulars LICENSE The centre is licensed for 118 places
24
Artists Impression
BUILDING ACCOMMODATION: • Reception + office + planning room • Seven (7) education rooms with direct access to external play area • One (1) cot room • Children’s bathrooms
• Staff room • Unisex and disabled toilets • Multipurpose room • 17 car spaces on title
BUILDING DEPRECIATION
• Kitchen and dining area
Significant depreciation benefits over
• Laundry
the initial lease term of the building.
• Storage Rooms
25
Floorplan 24230
2 1
3 4
10520
elevations
23750
toilet/ change 06/07
13230
activity 07
activity 0
22 children over 3 yrs 74.61
22 children over 3 yrs 75.26
store
store
3390
7630
2190
wc
store
pdr
laundry
Photos from One Early Educations existing centres 26
6060
8250
wc down
store
store
office
dining
activity 03 12 children under 3 yrs 42.05
store
office toilet 05
tunnel
store
store
activity 01
reception store
sleep
activity 05 22 children over 3 yrs 75.38
dis. toilet
clnr's store
18950
16 children under 3 yrs 56.73
plant
activity 04 servery
toilet/ change 03/04
bottle
12 children under 3 yrs 40.26
activity 02 12 children under 3 yrs 40.53
toilet/ change 01/02
foyer
note : all glazing, internal and externally to children’s toilets will have fixed obscure glazing. sliding doors will not be visibly permeable.
safety zone
1920
n s
kitchen
2880
06
21300
store
bike racks
45530
bin eclosure
FLOOR PLAN GF Floor Area UF Floor Area Total Floor Area
721.6 sqm 74.6 sqm 796.2 sqm
Roofed Area Safety Zone Area
729.7 sqm 18.1 sqm
upper floor plan 0 1:200 (A3)
north
10m
note: this proposal is subject to site survey and development approval(s) from
this drawing shall not be copied or used without authorisation and is protecte
27
Market Sales Activity
COMPARABLE SALES 1 CAPRA COURT, NARRE WARREN NORTH Sale Price: $10,100,000 Date: April 22 Permitted Places: 130 places Rent: $433,217 p.a. Yield: 4.2% Rent Per Child: $3,332
5 WHITFIELD BOULEVARD, CRANBOURNE WEST Sale Price: $7,200,000 Date: April 22 Permitted Places: 130 places Rent: $303,887 p.a. Yield: 4.2% Rent Per Child: $2,300
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2 WHITELEAF DRIVE, MICKLEHAM Sale Price: $10,358,000 Date: December 21 Permitted Places: 118 places Rent: $466,100 p.a. Yield: 4.4% Rent Per Child: $3,950
162 ELEVATION BOULEVARD, CRAIGIEBURN Sale Price: $10.500,000 Date: December 21 Permitted Places: 114 places Rent: $450,300 p.a. Yield: 4.2% Rent Per Child: $3,950
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Method of Sale 130 BROSSARD ROAD M I C K L E H A M
Invest in our future. METHOD OF SALE
TERMS OF SALE
For Sale by Expressions of Interest (EOI) closing on Thursday 23rd June 2022 at 3pm
10% deposit with balance payable in 120 days
INSPECTIONS
CONTRACT OF SALE & VENDORS STATEMENT
Strictly by appointment with the exclusive selling agents
Available on request
EXCLUSIVE SELLING AGENTS
30
Liam Rafferty
Jeremy Gruzewski
Associate Director 0421 886 655 liam@astoncommercial.com.au
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
One Early Education Wollert
DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate
