SOLD
Sold on 30 Jan 2024 for $3,850,000

206 Tramway Parade
Beaumaris VIC 3193

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 772m2
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Property Details for 206 Tramway Pde, Beaumaris

Building Type
Unknown
Land Size
772m2
Local Government
Bayside
Lot/Plan
51/LP11936

Last Listing description (November 2023)

Burgess Rawson is pleased to offer to market the Genius Childcare Centre located at 206 Tramway Parade, Beaumaris VIC for sale via Offers to Purchase.

This opportunity has the following key investment highlights:

+ Thirty (30) year triple net lease to November 2050

+ One (1) further ten (10) year option to November 2060
+ Genius Childcare: highly experienced early education provider with a network of 35 centres nationally
+ Favourable annual increases to the greater of CPI or 2.5% with ratchet provisions at market review, ensuring future income growth
+ Highly desirable triple net lease structure with the tenant paying 100% of all outgoings including structural repairs and land tax
+ Completely refurbished 45 LDC place childcare situated within a family-oriented suburb, with 51% of the locale comprising of couples with children
+ Well-positioned 772sqm* site strategically located in a prime schooling catchment - 5 schools within a 750m* radius of the site and an additional 12 schools within a 3km radius, which combine to service 9,300+ students
+ Conveniently located within a 3km radius of numerous retail & commercial amenities including 5 standalone Coles & Woolworths supermarkets, Westfield Southland & Thrift Park Shopping Centre, underpinned by Kmart, Target, Woolworths, Coles, ALDI & 326 specialty retailers
+ Beaumaris: desirable and affluent bayside suburb situated 20km* from Melbourne CBD and within close proximity to Beaumaris Beach, Black Rock Beach, and Mentone Beach
+ 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 (1.2 million) with a child in care^
+ Net Income: $212,698 pa* + GST

For Sale by Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson childcare team for more information.

*Approx.
^Australian Government - Department of Education | Child Care Subsidy Reform

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Property History for 206 Tramway Pde, Beaumaris, VIC 3193

A timeline of how this property has performed in the market
Last Sold
$3,850,000
30 Jan 2024
  • 30 Jan 2024
    Sold for $3,850,000
  • 14 Aug 2023
    Listed for Sale Price on Request
  • 02 Nov 2020
    Sold for $1,812,500
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About Beaumaris 3193

The size of Beaumaris is approximately 5.1 square kilometres. It has 17 parks covering nearly 16.1% of total area. The population of Beaumaris in 2011 was 12,828 people. By 2016 the population was 13,336 showing a population growth of 4.0% in the area during that time. The predominant age group in Beaumaris is 40-49 years. Households in Beaumaris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Beaumaris work in a professional occupation. In 2011, 84.3% of the homes in Beaumaris were owner-occupied compared with 84.1% in 2016.

Beaumaris has 6,230 properties. Over the last 5 years, Houses in Beaumaris have seen a 22.18% increase in median value, while Units have seen a 26.02% increase. As at 31 October 2024:

  • The median value for Houses in Beaumaris is $2,041,549 while the median value for Units is $1,257,510.
  • Houses have a median rent of $1,150 while Units have a median rent of $725.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Beaumaris on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Beaumaris.

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