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Overview
This property offers a rare opportunity for developers and investors interested in the childcare sector, presenting a permit-approved site for a 120-place childcare facility. Situated on an ideal 1,446 square meter corner landholding within the General Residential Zone 1 (GRZ1), it ensures flexibility aligned with local planning regulations.
The site benefits from a strategic and central location with high exposure to Cairnlea Drive and is within close proximity—approximately 200 meters—to the Cairnlea Town Centre shopping complex. This ensures convenient access to retail and essential services, enhancing the location's attractiveness for childcare operations.
- The permit approval significantly streamlines the development process, allowing for quicker commencement compared to sites requiring new permits.
- Located in a high-demand childcare catchment area highlighted by a strong Local Demand Coefficient (LDC) ratio of 2.84 for ages 0-5, the site is positioned to meet current local needs effectively.
- The proximity to prominent primary, secondary, and tertiary education facilities within a kilometer radius supports a strong community context and potential workforce availability.
This site is particularly well-suited to childcare providers, developers, and investors looking to capitalize on the growing demand for quality early education and care services in an established residential location. The combination of permit approval, land size, and accessibility factors presents a turnkey development prospect, minimizing regulatory hurdles while ensuring accessibility and visibility in a thriving suburb.
Local Market Insights
In Cairnlea, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $2,923,750. The property type mix of listed properties is predominantly Houses at 88%, followed by land (7%), and apartments (4%). Ray White was the most active agency in this area, representing 68.4% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Cairnlea VIC 3023
Market Insights for Cairnlea VIC 3023
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
