642 Frankston-Dandenong Road, Carrum Downs, VIC 3201 | Land for sale | OnTheHouse
 
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642 Frankston-Dandenong Road
Carrum Downs VIC 3201

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Land area: 1555m2
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Permit Approved Childcare Development Site In Carrum Downs (96 Place Childcare Centre With Signed AFL)

Raine & Horne Land Victoria proudly presents an exceptional childcare investment and development opportunity at 642 Frankston-Dandenong Road, Carrum Downs. Positioned on a prominent corner site with outstanding exposure and accessibility, this rare offering combines a state-of-the-art approved childcare centre, a strategic location within a rapidly growing family-oriented community, and a secure Agreement for Lease (AFL), making it an ideal acquisition for investors, developers and childcare operators alike.
Situated at the gateway to the established Clifton Grove Estate and surrounded by schools, childcare centres, shopping facilities and public transport, the property benefits from strong underlying demand for early learning services. With approved plans for a modern two-storey childcare facility accommodating 96 children and a signed AFL at $3,800 plus GST per licensed place per annum, this is a compelling opportunity to secure a premium childcare asset in one of Frankston's most sought-after growth locations.
Property Features:
• Prominent corner site of approximately 1,555sqm in General Residential Zone (GRZ)
• Approved double-storey childcare centre accommodating 96 children
• Signed AFL at $3,800 plus GST per licensed place per annum
• Lease Term: 15 years + 10 years + 10 years options, with fixed annual rent reviews of 3%
• Dominant 80m corner frontage providing exceptional exposure to passing traffic
• State-of-the-art childcare design with spacious indoor and outdoor learning environments
• Outdoor play areas located on both ground and first floor levels
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Property Details for 642 Frankston-Dandenong Rd, Carrum Downs

Building Type
Land
Land Size
1555m2
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About Carrum Downs 3201

The size of Carrum Downs is approximately 20.2 square kilometres. There are 46 parks, covering nearly 3.6% of the total area. The population of Carrum Downs in 2016 was 20711 people. By 2021 the population was 21976 showing a population growth of 6.1% in the area during that time. The predominant age group in Carrum Downs is 30-39 years. Households in Carrum Downs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrum Downs work in a trades occupation.In 2021, 69.80% of the homes in Carrum Downs were owner-occupied compared with 67.90% in 2016.

Carrum Downs has 12,791 properties. Over the last 5 years, Houses in Carrum Downs have seen a 14.32% increase in median value, while Units have seen a 20.38% increase. As at 31 July 2026:

  • The median value for Houses in Carrum Downs is $805,630 while the median value for Units is $637,719.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 53 properties listed for sale, and 17 properties listed for rent in Carrum downs on OnTheHouse. According to Cotality's data, 529 properties were sold in the past 12 months in Carrum downs.

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Kevin Paghdar
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Rizul Sharma
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Raine & Horne Land Victoria
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