Permit Ready Childcare Development Opportunity

Burgess Rawson is pleased to offer to the market 708-710 Stud Road, Scoresby VIC for sale via our Expressions of Interest campaign closing 4:00pm (AEST) on the 28th of September 2023.

This opportunity has the following key investment highlights:

+Prominent 1,449sqm site permitted for 104 LDC childcare facility
+Architecturally designed 730sqm double storey building
+Strategic position only 400m from Woolworths and 430sqm from Scoresby Primary School
+High exposure main street site with 35.8 metres facing Stud road with 40,000 vehicles passing daily
+Sought-after Residential Growth Zone with alternative potential to develop 13.5 metres
+Scoresby: highly sought-after established suburb only 29km from Melbourne CBD
+Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.

To be sold via Expressions of Interest
Closing 4:00pm (AEST) on the 28th of September 2023