71 South Gippsland HighwayTooradin VIC 3980
Property Details for 71 South Gippsland Hwy, Tooradin
Last Listing description (March 2019)
Excellent Childcare Centre Investment located in Tooradin
Purpose Built child care centre constructed in approximately 2006
Land size of 1,780 square metres
Securely leased to Rose Garden Kids, a highly reputable and long-standing operator
Main road location accessed by service road
Rent $82,400 excluding GST per annum
Lease 10 years commenced October 2014
Options 5 + 5
Reviews CPI annually and market at renewal
The centre is currently licenced for 60 children however the building and playground can accommodate from 81-88 children. The rent is also under-valued in the current market.
Inspect STRICTLY By Arrangement
Business NOT For Sale - Freehold Only
Contact Celestine Eramo 0408 111 383 or Wendy Zhou 0422 011 188 for the Information Memorandum.
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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.
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http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 71 South Gippsland Hwy, Tooradin, VIC 3980
- 03 Aug 2018Listed for Sale FOR SALE - $1,900,000
- 15 Oct 1999Sold for $55,500
- 19 Oct 1998Sold for $36,000
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0About Tooradin 3980
The size of Tooradin is approximately 27.3 square kilometres. It has 3 parks covering nearly 0.5% of total area. The population of Tooradin in 2011 was 1,358 people. By 2016 the population was 1,547 showing a population growth of 13.9% in the area during that time. The predominant age group in Tooradin is 0-9 years. Households in Tooradin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tooradin work in a trades occupation. In 2011, 77.9% of the homes in Tooradin were owner-occupied compared with 80% in 2016.
Tooradin has 838 properties. Over the last 5 years, Houses in Tooradin have seen a 32.37% increase in median value, while Units have seen a 50.81% increase. As at 31 October 2024:
- The median value for Houses in Tooradin is $897,026 while the median value for Units is $708,416.
- Houses have a median rent of $530.
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