Childcare development sites continue to attract strong attention from a range of active buyers in Melbourne, with the sale of a 3,016sq m site for $2.2 million in Greenvale to a developer who beat out a number of interested parties during the short on-market campaign.
Located at 1 Greenvale Gardens Boulevard, the proposed childcare centre of 190 places benefits from a high profile corner location, in one of Melbourne’s major growth corridors and is already Permit Approved.
Sold through Julian Heatherich, Mark Stafford, Benson Zhou of Savills Australia, the proposed project is expertly designed by ‘Ellis Group Architects’ with alternate schemes for the site including single level 122/144 place centre or 100 place centre plus two residential lots.
Julian Heatherich, Director, CBD and Metropolitan Sales at Savills Australia said childcare development sites continue to attract attention from a range of active buyers.
“The childcare market continues to remain strong, with a number of developers actively looking to build their pipeline and expand their footprint within Victoria” he said.
The site is 120m* from the brand new Greenvale North West Primary School (opening in 2021) and is a short distance to Greenvale Shopping Centre & Craigieburn Central Shopping Centre.
Mr Heatherich went on to say the site is perfectly positioned within Greenvale West PSP which is anticipated to accommodate 3,704* residents over 1,323* lots^.
Mark Stafford, Associate Director, CBD and Metropolitan Sales at Savills Australia also commented on the sale “Throughout the sale process we received multiple offers, which highlights the depth and continued growth of the child care sector throughout metropolitan Melbourne.”