Strategic Childcare Investment Adjoining School | New 15 Year Net Lease to 2037 + Options

197-199 Murrindal Drive , Rowville VIC

Property Highlights

Fixed 3% annual rent increases
Long trading business since 1995
Significant depreciation benefits
Register to Bid


Burgess Rawson is pleased to offer to the market 197-199 Murrindal Drive, Rowville VIC for sale via our Investment Portfolio Auction 165.

This opportunity has the following key investment highlights:

+ New fifteen (15) year net lease to June 2037
+ Two (2) further ten (10) year options to 2057
+ Discovery Bay Early Learning: premium ‘Montessori’ early education provider with a current network of 8 centres across Victoria
+ Fixed 3% annual rent increases, ensuring future income growth
+ Tenant pays all usual outgoings
+ Newly refurbished facility, offering significant depreciation benefits
+ Modern purpose-built centre licensed for 76 LDC places
+ Established and long trading centre since 1995
+ Strategically positioned adjoining Karoo Primary School (495+ enrolments), and situated in a favorable educational precinct, featuring an additional 9 schools within a 3km radius
+ Substantial 1,489sqm* landholding conveniently located within 3km* of major retail amenities including major centres Rowville Lakes Shopping Centre, HomeCo Knoxfield, Wellington Village Shopping Centre & Stud Park Shopping Centre
+ Rowville: established family-orientated suburb with excellent access to key retail, commercial and transport amenities, and located only 27km* from the Melbourne CBD
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform taking effect from July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^
+ Net Income: $252,110 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
River Room, Crown Casino, Melbourne

Please contact the exclusively appointed team for more information.

^ Australian Government – Department of Education | Child Care Subsidy Reform

Property Details

Current Tenant
Occupancy Type
Land Size
1,489 SQM
Building Area
370 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights