An established, high-performing childcare real estate investment in a vibrant Melbourne town centre - and opposite the Puffing Billy Railway Station - is on the market.
Fitzroys’ Chris Kombi, Ben Liu and Tom Fisher are marketing the Twinklekids Early Learning childcare centre property at 271 Belgrave-Gembrook Road, Emerald via Expressions of Interest closing Tuesday, 28 October at 3pm.
The vendor is a private investor. Expectations are of $3.2 million-plus.
On a valuable 1,160sqm landholding with triple street frontage of over 93m, the property is improved by a quality purpose-built 60-place childcare facility of 400sqm comprising four primary rooms, kitchen, staff office and amenities, as well as front and rear outdoor play areas. There is on-site parking for multiple vehicles plus ample parking near the entrance for drop-off and pick-up.
It is offered with a brand-new, secure 10+10-year lease to a proven operator with four locations across Melbourne, returning $185,000 per annum plus outgoings and GST, with fixed annual increases providing excellent built-in rental growth.
“This is an ultra-rare opportunity to acquire a land-rich investment positioned within a tightly-held and sought-after shopping and lifestyle village,” Kombi said.
“Interest is expected to come from investors attracted to the strong fundamentals of the childcare real estate market, and the property’s new, secure lease structure and strategic location, while land bankers are expected to pursue the property given its significant landholding opposite a Victorian tourism icon, in a gateway position to the Emerald retail and lifestyle town centre.”
He said the property was strategically located in an ideal catchment with strong demand for childcare services, underpinning the site’s long-term prospects.
“This childcare centre enjoys a prime position at the gateway to Emerald’s main lifestyle and retail precinct, benefiting from proximity to daily foot traffic and local businesses, is surrounded by a well-established community and growing cohort of young families, and is just moments from Emerald Primary School.
Fisher said the property is surrounded by unrivalled amenity including the Emerald shopping precinct - home to Woolworths and IGA supermarkets, major banks and renowned local eateries, medical services and community hubs, Emerald Lake Park, Worrell Reserve, schools and more - all supported by ample off-street parking and a walkable town layout.
“The low commercial vacancy rate in the precinct reflects strong local business performance and stable population dynamics, underpinned by long-term owner-occupiers and steady residential growth.”
The area is well-serviced by key arterial roads including Belgrave-Gembrook Road and Emerald-Monbulk Road, connecting residents to neighbouring towns, employment hubs and transport options such as nearby train stations in Belgrave and Cardinia.
Liu added that Emerald Lake Park, Puffing Billy Railway and numerous walking trails further enhance the town’s appeal to young families and lifestyle-focused residents.