OFF MARKET

75 Colby Drive
Belgrave Heights VIC 3160

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1891m2
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Property Details for 75 Colby Dr, Belgrave Heights

Building Type
Commercial
Land Size
1891m2
Local Government
Yarra Ranges
Lot/Plan
269/LP6970

Last Listing description (March 2022)

+10 year net lease to Goodstart Early Learning to 2031.
+Two further 10 year options to 2051.
+Goodstart: Australia largest early education provider with 664 centres nationally.

+Tenant pays all outgoings including land tax and management fees.
+Annual CPI rent reviews.
+Long established and well maintained facility, licensed for 60 LDC places.
+Current rent of $1,886 per place well below market value, with market review due in 2026.
+Strong trading business with high occupancy and rated "Exceeding" under the National Quality Framework (NQF).
+Large 1,891sqm site, ideally positioned within close proximity to Belgrave South Primary School and Belgrave Heights Christian School.
+Belgrave Heights: popular Yarra Valley suburb located only 36 kilometres from the Melbourne CBD.
+Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.**
+Net Income $113,188pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 30th March 2022
Crown Casino - River Room

**Mitchell Institute, Australian Investment in Education: Early Learning.

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Property History for 75 Colby Dr, Belgrave Heights, VIC 3160

A timeline of how this property has performed in the market
Last Transferred
24 Jun 2023
  • 24 Jun 2023
    Transferred
  • 03 Mar 2022
    Listed for Sale Price on Request
  • 11 Dec 2014
    Sold for $1,300,000
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About Belgrave Heights 3160

The size of Belgrave Heights is approximately 2.4 square kilometres. It has 6 parks covering nearly 31.8% of total area. The population of Belgrave Heights in 2011 was 1,376 people. By 2016 the population was 1,368 showing a population decline of 0.6% in the area during that time. The predominant age group in Belgrave Heights is 40-49 years. Households in Belgrave Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belgrave Heights work in a professional occupation. In 2011, 90% of the homes in Belgrave Heights were owner-occupied compared with 86.4% in 2016.

Belgrave Heights has 538 properties. Over the last 5 years, Houses in Belgrave Heights have seen a 33.64% increase in median value, while Units have seen a -3.52% decrease. As at 30 November 2024:

  • The median value for Houses in Belgrave Heights is $972,270 while the median value for Units is $556,996.
  • Houses have a median rent of $410.
There are currently 2 properties listed for sale, and no properties listed for rent in Belgrave heights on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Belgrave heights.

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