DA Approved Childcare Development | Agreement for Lease in Place
Elders Commercial is pleased to present a DA approved childcare development opportunity with an executed agreement for lease to Vision Early Learning (Latrobe) Pty Ltd.The investment structure is based on a 15-year initial lease from practical completion, with two further 10-year options. Commencing annual rent is calculated at $4,150 plus GST per approved childcare place, with six months rent free from commencement and fixed annual increases of 3%.
Investment Highlights:
+ Planning permit L-DA161/2025 granted for demolition of the existing dwelling and development of a childcare centre.
+ Approved design accommodates 86 childcare places across six activity rooms.
+ 1,834 sqm site with proposed 566 sqm gross floor area and approximately 642 sqm usable outdoor play area.
+ 15 on-site car spaces shown on the endorsed proposal, including one accessible space.
+ Executed agreement for lease with Vision Early Learning (Latrobe) Pty Ltd.
+ 15-year initial lease term plus two further options of 10 years each.
+ Commencing rent formula of $4,150 plus GST per approved place, equating to $356,900 per annum plus GST at 86 approved places.
+ Fixed 3% annual rent reviews, with market review at the commencement of a further term.
+ Location studies indicate a strong demand and under supply of childcare in the area.
The property is for sale via Expressions of Interest closing 8 December 2026.
Contact Fletcher Seymour or Clinton O'keefe for more information or to arrange an inspection.
Features
General Features
- Land Area: 1,834 sqm
- Commercial Type: Land/Development
- Building Area: 566sqm
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