SOLD
Sold on 12 Sep 2023 for $2,750,000

407 Dorset Road
Croydon VIC 3136

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 113m2
Land area: 1744m2
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Property Details for 407 Dorset Rd, Croydon

Building Type
Commercial
Floor Size
113m2
Land Size
1744m2
Local Government
Maroondah
Lot/Plan
1/PS649617

Last Listing description (July 2024)

CBRE's Australian Healthcare & Social Infrastructure team is proud to present 407 Dorset Road (Cnr of Tanika Court) A trophy childcare centre with bespoke design elements available. Offering substantial corner frontage and access/egress via Tanika Court. The centre is positioned for long-term success in an area starved of modern early learning offerings.High quality architectural design elements coupled with high volumes of exposure via Dorset Road, the subject property sees 16,000 18,000 cars passing daily.OVERVIEW: + Architecturally designed centre with expansive improvements for 119 Long Day Care (LDC) places (STCA*)+ Spacious floor plates and design with a combined 1,248 sqm+* of internal activity and external play area+ Undercroft parking for 26 cars with access and egress via Tanika Court with reduced traffic volumes+ Corner site with substantial street exposure across multiple frontages to Tanika Circuit and Dorset Road exceeding 80m* +Minimal modern and high-quality competing offerings in the area with a number of ageing an sub-scale services in operation and heightened demand for modern offeringsLOCATION:+ Surrounded by numerous education amenities including Dorset Primary School (350m*), Ruskin Park Primary School (1.8km*), Sacred Heart Primary School (3.4km*) Croydon Primary School (3.8km*)+ Favourable supporting demographics with both the Median household Income and Birth rate exceeding Australian averages + Immediate access to transport and retail amenities including Frederick/Dorset Road Bus Stop (50m*), Croydon Train Station (2.3km*) and Merrindale Shopping Centre (1.6km*), Civic Square Shopping Centre (1.8km*), Croydon Main Street Shopping (2.1km*), The Centerway shopping Arcade (2.1km*) and more+ Consistent Population growth location with aforecast increase to be 30,226 to 35,976 (19% growth*) between 2021 and 2041, predominately driven by newborns (58%*)+ Notable immediate residential development in Croydon with an average of 159 dwellings per annum to 15,627 in 2041 (25% growth*), population and density within the area is deemed to increaseFor Lease via Expressions of InterestJimmy Tat 0439 399 118 Marcello Caspani-Muto0417 065 777 Sandro Peluso 0418 389 757

Property History for 407 Dorset Rd, Croydon, VIC 3136

A timeline of how this property has performed in the market
Last Sold
$2,750,000
12 Sep 2023
  • 01 Jul 2024
    Listed for Rent - Price not available
  • 12 Sep 2023
    Sold for $2,750,000
  • 14 Jul 2015
    Sold for $1,050,000
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About Croydon 3136

The size of Croydon is approximately 14.1 square kilometres. It has 52 parks covering nearly 13.7% of total area. The population of Croydon in 2011 was 23,552 people. By 2016 the population was 26,958 showing a population growth of 14.5% in the area during that time. The predominant age group in Croydon is 30-39 years. Households in Croydon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Croydon work in a professional occupation. In 2011, 71.3% of the homes in Croydon were owner-occupied compared with 70.1% in 2016.

Croydon has 15,629 properties.

    There are currently 27 properties listed for sale, and 15 properties listed for rent in Croydon on OnTheHouse. According to CoreLogic's data, 651 properties were sold in the past 12 months in Croydon.

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