Rare 96-Place Childcare Centre Offered for Lease in Melbourne’s Blue Chip Bayside

A fully renovated 96-place childcare centre in the heart of Melbourne’s blue chip Bayside is being offered for lease, presenting operators with a rare opportunity to secure an established childcare facility without the lengthy development and construction lead times typically associated with new centres.

Located at Unit 1, 18 George Street, Sandringham, the purpose-built centre is being offered for lease via Expressions of Interest through CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat.

The property is positioned within walking distance of Sandringham Village, Sandringham Train Station, Sandringham Primary School and Sandringham College, providing immediate access to one of Melbourne’s most established family and education catchments.

CBRE National Director Sandro Peluso said opportunities to secure existing childcare infrastructure of this quality within Melbourne’s Bayside market were increasingly difficult to find.

“Bayside remains one of Melbourne’s most tightly held childcare markets and the barriers to establishing new centres in locations such as Sandringham are significant,” Mr Peluso said.

“What makes this opportunity particularly compelling is that an incoming operator can secure an existing, fully renovated 96-place childcare centre and potentially commence operations considerably sooner than would be possible through a traditional development pathway.

“For operators looking to establish or expand their presence in Melbourne’s Bayside, it removes a significant amount of the development, planning and construction risk while providing immediate access to a highly desirable family catchment,” Me Peluso added.

The centre incorporates spacious internal learning areas, secure external play spaces and extensive natural light, together with dedicated undercover car parking providing convenient drop-off and pick-up access for families.

The property occupies the ground floor of a modern mixed-use development constructed in 2017 and benefits from a sheltered position, providing a comfortable operating environment for children, staff and parents throughout the year.

CBRE Director Marcello Caspani-Muto said the surrounding demographics and infrastructure provided strong fundamentals for childcare operators.

“Sandringham and the broader Bayside municipality have some of Melbourne’s strongest underlying socioeconomic and family demographics, supported by high household incomes, an established owner-occupier population and significant investment in education, healthcare and infrastructure.

“The centre is surrounded by an exceptional network of schools and is also close to Sandringham Hospital, one of the area's major employment hubs. When combined with Sandringham Village, the train station and the broader Bayside residential catchment, there are multiple potential demand generators immediately surrounding the property,” Mr Caspani-Muto added.

The centre is positioned close to Sandringham Hospital, Linacre Private Hospital and Moorabbin Hospital, while the surrounding education network includes Sandringham Primary School, Sandringham East Primary School, Sandringham College and a number of leading independent schools throughout the Bayside corridor.

The property also benefits from proximity to the Bluff Road Level Crossing Removal Project, together with established retail and lifestyle amenity including Sandringham Village, Hampton Street, Sandringham Beach and the broader Bayside foreshore.

CBRE’s Jimmy Tat said the combination of an established centre and premium Bayside location was expected to generate interest from both established national operators and growing childcare groups.

“There is a significant difference between identifying a desirable childcare catchment and actually being able to secure a suitable facility within it.

“Here, much of that work has already been done. Operators are being presented with an existing 96-place facility in an established Bayside market with the infrastructure, parking, education network and family demographics already surrounding it.

“We expect that combination to resonate strongly with operators looking for quality opportunities where they can focus their capital and attention on operating and growing the business rather than undertaking a ground-up development,” Mr Tat added.