Opportunity to secure lease at vacant childcare centre in prime bayside location

The opportunity to secure a lease for a vacant childcare centre in one of Melbourne’s most established and tightly held family catchments is expected to have wide appeal for operators seeking long-term success in the city’s blue-chip Bayside corridor.

The service is currently operational with 94 long daycare places and is ready to occupy before Christmas. The property at 37 Blackwood Avenue in Mentone occupies a prominent 1,873sqm corner site with 40m of street frontage, offering exceptional visibility and exposure to passing traffic.

CBREs Australian Healthcare & Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat are managing the leasing process via an Expressions of Interest process.

Strategically positioned directly opposite Mentone Park Primary School, the centre features generous indoor and outdoor play areas, 13 on-site car parks and street parking, and is surrounded by more than10 schools within a 3km radius.

“This is a textbook childcare leasing opportunity,” Mr Peluso said. “With no competing DA-approved centres within 2km and significant infrastructure investment in the area, the fundamentals for sustained demand are incredibly strong. Even more importantly is the ability to occupy the centre with immediate transfer of service approval. This means reduced delays awaiting the department of education and greater certainty of delivery vs a new build alternative.”

Mr Caspani-Muto added, “The City of Kingston is forecast to exceed 192,000 residents over the next two decades, supported by 13,000 new dwellings in the pipeline and $1 billion in public infrastructure projects including the Level Crossing Removal Project and Swanston Street Mentone upgrade.

Surrounding retail amenities include, Thrift Park Shopping Centre, DFO Moorabbin, Mentone Aldi, Bunnings Mentone and Kingston Plaza.

The centre also has excellent public transport connectivity with Mentone Train Station just 1.9km away and multiple bus routes servicing the area.

The property is being leased via a public Expressions of Interest campaign.