Share this property
Burgess Rawson - Melbourne

730-734 North Road Ormond, VIC 3204


730-734 North Road,
Ormond, VIC 3204

Medical & Consulting • Shops & Retail • Other

Price information


Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Burgess Rawson - Melbourne
Adam Thomas
Natalie Couper

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
Burgess Rawson - Melbourne
730-734 North Road
Ormond, VIC 3204

Map of 730-734 North Road


State-of-the-art Childcare Centre | New 15 + 10 + 10 Year Net Lease to 2057

  • Minimum 3% annual rent increases
  • Strategic 1,026 sqm city-bound site
  • Located in high demand school zone
+ New 15 year net lease to Elles Belles Early Learning to 2037.
+ Two further 10 year options to 2057.
+ Elles Belles Early Learning : boutique operator with a further strong-trading centre in Cheltenham.
+ Annual rent increases to the greater of CPI or 3%.
+ Tenant pays all outgoings including land tax.
+ Impressive double storey child care facility, with service approval for 94 LDC places and basement parking for 20 cars.
+ Strategic 1,026 sqm main road ‘city-bound’ site, with exposure to 39,000 + vehicles passing daily and located only 12 kilometres from the Melbourne CBD.
+ The centre is located within the McKinnon school zone, including one of Victoria’s top ranking high schools - McKinnon Secondary College, McKinnon Primary School, Valkstone Primary School, Kilvington Grammar School and St Patrick’s School.
+ Conveniently located 3 kilometres from Chadstone Shopping Centre, one of Australia’s largest shopping centres, underpinned by Aldi, Coles, Woolworths and 420+ specialty stores.
+ Brand new construction with significant depreciation benefits.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $414,000 pa + GST.

*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Explore property virtually


Property ID: 503988574Last Updated: 1 Aug 2023

progress tick

Sending email...

Make an enquiry

What's your enquiry about?


Enter your details

Name (required)
Email address (required)
Phone number

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Burgess Rawson - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.