75 Colby DriveBelgrave Heights VIC 3160
Property Details for 75 Colby Dr, Belgrave Heights
Last Listing description (March 2022)
+10 year net lease to Goodstart Early Learning to 2031.
+Two further 10 year options to 2051.
+Goodstart: Australia largest early education provider with 664 centres nationally.
+Annual CPI rent reviews.
+Long established and well maintained facility, licensed for 60 LDC places.
+Current rent of $1,886 per place well below market value, with market review due in 2026.
+Strong trading business with high occupancy and rated "Exceeding" under the National Quality Framework (NQF).
+Large 1,891sqm site, ideally positioned within close proximity to Belgrave South Primary School and Belgrave Heights Christian School.
+Belgrave Heights: popular Yarra Valley suburb located only 36 kilometres from the Melbourne CBD.
+Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.**
+Net Income $113,188pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 30th March 2022
Crown Casino - River Room
**Mitchell Institute, Australian Investment in Education: Early Learning.
Property History for 75 Colby Dr, Belgrave Heights, VIC 3160
- 24 Jun 2023Transferred
- 03 Mar 2022Listed for Sale Price on Request
- 11 Dec 2014Sold for $1,300,000
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0About Belgrave Heights 3160
The size of Belgrave Heights is approximately 2.4 square kilometres. It has 6 parks covering nearly 31.8% of total area. The population of Belgrave Heights in 2016 was 1360 people. By 2021 the population was 1398 showing a population growth of 2.8% in the area during that time. The predominant age group in Belgrave Heights is 40-49 years. Households in Belgrave Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belgrave Heights work in a professional occupation.In 2021, 88.90% of the homes in Belgrave Heights were owner-occupied compared with 86.40% in 2016.
Belgrave Heights has 536 properties. Over the last 5 years, Houses in Belgrave Heights have seen a 18.99% increase in median value, while Units have seen a 18.75% increase. As at 31 December 2025:
- The median value for Houses in Belgrave Heights is $969,394 while the median value for Units is $549,340.
- Houses have a median rent of $410.
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