Property Details for 8-10 Sherwin Ct, Melton
Last Listing description (August 2023)
Long Trading Childcare Investment | 18 Year Net Lease to 2036 + Options
Burgess Rawson is pleased to offer to the market Little Stars Early Learning Centre located at 8-10 Sherwin Court, Melton VIC for sale via our Investment Portfolio Auction 162.
This opportunity has the following key investment highlights:
+ Long 18 year net lease to 2036 plus 2 further 10 year options to 2056
+ Fixed 3% annual rent increases
+ Current rental ($2,446 per place) below market, with market review due in 2028
+ Tenant pays all usual outgoings
+ Long established 100 LDC place centre
+ Substantial 4,004sqm* landholding, located metres from major large format retailers including Bunnings, Supercheap, Autobarn, The Good Guys, Chemist Warehouse and national fast food operators, McDonald?s, Guzman y Gomez, Carl?s Jr and KFC
+ Strategically positioned within a significant schooling precinct - 10 schools within a 3.5km radius servicing more than 5,400 full-time students^
+ Conveniently situated within close proximity to the Melton Highway interchange, servicing 22,000+ vehicles daily* and providing direct access to the Melbourne CBD^^
+ City of Melton: high growth location and now part of greater Melbourne and with a forecast residential population of 416,106 (98.96% increase) by 2051^^
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care^^^
+ Net Income: $244,620 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
^Gap maps
^^Forecast ID
^^^ Australian Government - Department of Education | Child Care Subsidy Reform
Property History for 8-10 Sherwin Ct, Melton, VIC 3337
- 04 Aug 2023Sold - Price Undisclosed
- 05 Jul 2023Listed for Sale Price on Request
- 17 Sep 2015Sold for $2,300,000
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About Melton 3337
The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2016 was 8069 people. By 2021 the population was 7953 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton is 30-39 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a machinery operators and drivers occupation.In 2021, 62.10% of the homes in Melton were owner-occupied compared with 63.20% in 2016.
Melton has 5,347 properties. Over the last 5 years, Houses in Melton have seen a 38.36% increase in median value, while Units have seen a 36.13% increase. As at 30 November 2025:
- The median value for Houses in Melton is $534,731 while the median value for Units is $398,696.
- Houses have a median rent of $410 while Units have a median rent of $395.
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