5 Whitfield Boulevard, Cranbourne West, VIC 3977 | Property Value & History | OnTheHouse
 
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5 Whitfield Boulevard
Cranbourne West VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: 24
Land area: 3101m2
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Property Details for 5 Whitfield Bvd, Cranbourne West

Building Type
Commercial
Land Size
3101m2
Local Government
Casey
Lot/Plan
1A/PS805973

Last Listing description (April 2022)

Vinci Carbone are pleased to present this premium purpose built childcare centre located within one of Melbournes most popular growth corridors.

A highly desirable investment opportunity secured by Kool Kidz Early Learning Centre with a long lease to 2032 plus options to 2042 with fixed annual increases of 3%, providing excellent rental growth.


Key investment highlights:

Long lease to 2032 plus options to 2042
Substantial land area of 3,101 sqm* with a 30 metre* frontage
Net rental of $303,887 pa* (representing a rate of circa $2,300 per place)
Fixed annual increases of 3% providing excellent rental growth
Service approval for 130 LDC places
Modern purpose built childcare centre of 950 sqm* with 24 car spaces


This investment provides underlying future potential rental upside in a sector that is absolutely thriving.

The immediate area is well serviced by public transport with Merinda Park Train Station less than 1.7 kilometres to the subject property and bus services operating along Thompsons Road. Marriott Waters Shopping Centre is also within close proximity which is anchored by 3 major tenants, Woolworths, Aldi and Dan Murphys plus over 30 specialty stores.

For Sale by Expressions of Interest closing Thursday 24 March 2022 at 4pm

*approx.

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Property History for 5 Whitfield Bvd, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$7,200,000
01 Apr 2022
  • 01 Apr 2022
    Sold for $7,200,000
  • 24 Feb 2022
    Listed for Sale Contact Agent
  • 30 May 2018
    Sold for $5,050,000
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About Cranbourne West 3977

The size of Cranbourne West is approximately 11.8 square kilometres. It has 23 parks covering nearly 10.1% of total area. The population of Cranbourne West in 2016 was 15035 people. By 2021 the population was 19969 showing a population growth of 32.8% in the area during that time. The predominant age group in Cranbourne West is 30-39 years. Households in Cranbourne West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne West work in a trades occupation.In 2021, 74.30% of the homes in Cranbourne West were owner-occupied compared with 76.00% in 2016.

Cranbourne West has 9,394 properties. Over the last 5 years, Houses in Cranbourne West have seen a 38.49% increase in median value, while Units have seen a 39.19% increase. As at 30 November 2025:

  • The median value for Houses in Cranbourne West is $776,398 while the median value for Units is $593,604.
  • Houses have a median rent of $580 while Units have a median rent of $510.
There are currently 39 properties listed for sale, and 16 properties listed for rent in Cranbourne west on OnTheHouse. According to Cotality's data, 495 properties were sold in the past 12 months in Cranbourne west.

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