48, 50 & 52 Childers Street
Cranbourne, VIC 3977

This unique and versatile commercial accommodation facility is located at 48, 50 & 52 Childers Street, Cranbourne, offering an exceptional investment opportunity within a thriving growth precinct. The property comprises three purpose-built accommodation buildings, collectively housing 26 private rooms each with ensuite facilities, designed to cater to a variety of accommodation needs.

The substantial landholding spans approximately 2,876 square meters across three separate titles, featuring a prominent 52-metre frontage to Childers Street. The buildings encompass a total building area of 750 square meters, providing ample space for current operations and future development potential.

Currently, the facility is 100% leased under flexible agreements, generating an annual income of $459,420. This steady income stream makes the property highly attractive to investors and land bankers seeking a secure and profitable asset.

The property offers excellent scope for future occupation or redevelopment by a diverse range of accommodation providers. Potential uses include aged care or assisted living operators, community housing, crisis accommodation, medical or allied health facilities, subject to council approval (STCA). The buildings are equipped with modern security and accessibility features, including keyless entry systems, alarm systems, and disability access. Shared kitchens and living zones enhance the communal living experience for residents.

Secure on-site car parking is available at the rear of the property, with 26 dedicated car spaces to accommodate residents and visitors.

Strategically positioned within the City of Casey, one of Melbourne's fastest-growing corridors, the location benefits from forecasted population growth of 45% by 2045. The property is situated within a major activity centre, providing convenient access to essential infrastructure and amenities. Nearby facilities include Cranbourne Primary School (50 meters), Day Care and Kindergarten (100 meters), Chisholm TAFE (200 meters), Medicare services (350 meters), High Street Retail Precinct (500 meters), and Monash Health (1 kilometer).

This asset represents a versatile and future-proofed investment opportunity, suitable for investors, future owner-occupiers, and accommodation providers looking to capitalize on the growth and development potential within this vibrant precinct.

For further information or to arrange an inspection, interested parties are encouraged to contact the exclusive selling agents.

Additional information on the City of Casey's growth and development can be found at the official website: www.casey.vic.gov.au.

All measurements and distances are approximate.