Permit & Tenant Ready Childcare Development Opportunity

11-15 Kimberley Drive, Chirnside Park VIC

Property Highlights

Prime 1735sqm site with DA approval
15 year lease to Discovery Bay
Metres from two major schools


+ Tenant ready: Discovery Bay Early Learning with an initial 15 year net lease and commencement rental income of $378,200 per annum
+ Architecturally designed 903 sqm double storey child care facility, with DA approval for 122 LDC places
+ Prominent 1,735 sqm site directly opposite of Chirnside Park Shopping Centre anchored by three supermarkets and supported by 100+ specialty stores
+ Strategic position only, 650 metres from Chirnside Park Primary School, 750 metres from Oxley Primary and Secondary College
+ Chirnside Park & Lilydale: established residential suburb only 30 kilometers east form the Melbourne CBD.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year

For Sale by Expressions of Interest
Closing 4pm (AEST) Tuesday 18 May 2021

Property Details

Current Tenant
Occupancy Type
Development Site
Land Size
1,735 SQM
Building Area
535 SQM

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