SOLD
Sold on 20 Nov 2023 for $7,368,000

24 Gramercy Boulevard
Point Cook VIC 3030

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2815m2
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Property Details for 24 Gramercy Bvd, Point Cook

Building Type
Unknown
Land Size
2815m2
Local Government
Wyndham
Lot/Plan
117/PS721778

Last Listing description (November 2023)

Burgess Rawson is pleased to offer to the market 24 Gramercy Boulevard, Point Cook (Melbourne) VIC for sale via Expressions of Interest

This opportunity has the following key investment highlights:

+ 15-year net lease to Guardian Childcare & Education to 2030.

+ Two further 10-year options to 2050.
+ Guardian Childcare & Education: highly experienced early education provider with a network of 152 centres nationally.
+ Desirable 3% fixed annual rent increases.
+ Tenant pays all usual outgoings.
+ Impressive purpose-built centre, licensed for 140 LDC places, rated as 'Exceeding" under the National Quality Standards (NQS)
+ Competitive daily fees for the Point Cook locality.
+ Established and successful centre in operation since 2015, renowned for high occupancy and substantial waitlists.
+ Substantial 2,815sqm* corner site, metres from Point Cook Road and only 650m* from Coles anchored Sanctuary Lakes Shopping Centre.
+ City of Wyndham: a family-centric Community where 76% of the population consists of families with children.
+ 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.***
+ Net Income: $417,392 pa* + GST (as at Nov 2023)

For Sale via Expressions of Interest
Closing 3:00pm (AEST) Wednesday 1 November 2023

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

Property History for 24 Gramercy Bvd, Point Cook, VIC 3030

A timeline of how this property has performed in the market
Last Sold
$7,368,000
20 Nov 2023
  • 20 Nov 2023
    Sold for $7,368,000
  • 27 Sep 2023
    Listed for Sale Price on Request
  • 05 Feb 2015
    Sold for $1,940,400

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About Point Cook 3030

The size of Point Cook is approximately 38.9 square kilometres. It has 97 parks covering nearly 27.7% of total area. The population of Point Cook in 2011 was 32,413 people. By 2016 the population was 49,942 showing a population growth of 54.1% in the area during that time. The predominant age group in Point Cook is 30-39 years. Households in Point Cook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Point Cook work in a professional occupation. In 2011, 73.6% of the homes in Point Cook were owner-occupied compared with 67.4% in 2016.

Point Cook has 26,985 properties. Over the last 5 years, Houses in Point Cook have seen a 23.90% increase in median value, while Units have seen a 25.81% increase. As at 31 October 2024:

  • The median value for Houses in Point Cook is $817,569 while the median value for Units is $580,642.
  • Houses have a median rent of $560 while Units have a median rent of $510.
There are currently 282 properties listed for sale, and 88 properties listed for rent in Point cook on OnTheHouse. According to CoreLogic's data, 1287 properties were sold in the past 12 months in Point cook.

Suburb Insights for Point Cook 3030

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.