5-7 Watson AvenueCalifornia Gully VIC 3556
Property Details for 5-7 Watson Ave, California Gully
Last Listing description (May 2023)
CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 5-7 Watson Avenue, California Gully (Bendigo) for lease. This 120 place centre features a state-of-the-art design in line with outcomes and demands required by parents and incoming operators alike.
Demographics show that childcare centres across California Gully are in high demand, with the subject properties immediate catchment deemed to be considerably under serviced. Operators should also take note of a high daily fee rate as well as close proximity to local schools and essential community services/parks & gardens.
+Permit approved for 120 Long Day Care (LDC) places
+Demand ratio of 6.5 : 1 indicating significiant immediate childcare demand
+27 on-site car parks with a wide variety of pick up and drop off points as well as ample street parking
+Average daily fees within a 10km radius from $130-$140
+Generous and well-planned open areas, including vast outdoor and bespoke indoor layout subject to tenant requirements
+Only 1 existing childcare centre currently servicing a population of 13,082*
LOCATION
+Highly accessible location situated just of Loddon Valley Hwy connecting to Bendigo City Centre (9 minute drive*)
+5 minute drive from new housing estates Canterbury Estate and Jackass Flat
+Strategic location with two primary schools within 400m*
+Immediate cross-flow demand with the centre moments from St Liborius Catholic Primary School (140m*) and Eaglehawk Secondary College (800m*) within 1km* of subject site
+Stones throw to essential community services and retail/lifestyle amenity including, public transport, supermarket options, parks and gardens all under 1km* from the property
+Median house price has increased by over 50% over the past 2 years indicating significantly higher demand for dwellings within local area
CAMPAIGN CLOSED - OFFERS UNDER REVIEW
For further information, please contact the exclusive leasing agents:
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
approx*
Property History for 5-7 Watson Ave, California Gully, VIC 3556
- 01 Mar 2024Sold for $2,000,000
- 21 Dec 2022Listed for Rent - Price not available
- 15 Aug 2022Sold for $1,220,000
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About California Gully 3556
The size of California Gully is approximately 3.7 square kilometres. It has 7 parks covering nearly 6.1% of total area. The population of California Gully in 2011 was 4,262 people. By 2016 the population was 4,366 showing a population growth of 2.4% in the area during that time. The predominant age group in California Gully is 0-9 years. Households in California Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in California Gully work in a labourer occupation. In 2011, 65% of the homes in California Gully were owner-occupied compared with 61.3% in 2016.
California Gully has 2,306 properties. Over the last 5 years, Houses in California Gully have seen a 50.07% increase in median value, while Units have seen a 47.44% increase. As at 30 November 2024:
- The median value for Houses in California Gully is $440,819 while the median value for Units is $330,160.
- Houses have a median rent of $430 while Units have a median rent of $380.
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