Approved Child care development opportunity in prime Boronia location30 January 2023
An 86-place childcare centre development site with planning approval is being offered for sale by the JLL Healthcare & Life Sciences team and is expected to fetch interest around the mid-$1million mark.
The 1,015 sqm site at 121 Dorset Rd, Boronia, is being offered for sale with a Heads of Agreement in place for a 14 year (plus 2 x 10-year options) with international child care operator MindChamps.
MindChamps operates 80 centres across five countries with 21 centres in NSW.
Boronia is a well-established location in Melbourne’s leafy eastern suburbs that is popular with young couples and families.
JLL Capital Markets Senior Executive – Healthcare & Life Sciences Mark Stafford said: “The site provides an almost fully documented development site, with endorsed plans and permits in place allowing construction to commence almost immediately after settlement.
The site represents a rare opportunity to deliver a state-of-the-art child care centre in a location with strong demand for services, with average daily rates in excess of $140 per place.
“Alternatively, the opportunity may appeal to an owner-occupier looking to expand their current child care operations, with opportunities to deliver centres in the local area few and far in between,” he said.
121 Dorset Rd, Boronia is offered via an Expressions of Interest campaign closing Thurs 2 March via marketing agents Mark Stafford and MingXuan Li at JLL.