73-75 Tareeda WayOcean Grove VIC 3226
Property Details for 73-75 Tareeda Way, Ocean Grove
Last Listing description (June 2021)
+ Secure 10 year net lease to G8 Education to 2024
+ Three 10 year options to 2054
+ G8 Education (GEM): Australia's largest ASX-listed early education provider, educating more than 58,000 children every day across their 470+ centres
+ Current rental ($1,523 per place) well below market, with market review due in 2024
+ Well maintained child care centre, licensed for 95 LDC places
+ Prominent 2,032 sqm site within established and rapidly expanding Bellarine Peninsula precinct
+ Located 535 metres from Woolworths anchored Ocean Grove shopping centre and only 900 metres from Ocean Grove's major sporting and educational precinct including three schools.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and state Governments providing record funding of $10.5 billion to the sector in the 2019/20 financial year
+ Net Income: $144,730 pa + GST
For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
Property History for 73-75 Tareeda Way, Ocean Grove, VIC 3226
- 20 Apr 2026Sold for $5,000,000
- 25 Jun 2021Sold for $3,300,000
- 25 May 2021Listed for Sale Price on Request
Recent sales nearby
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0About Ocean Grove 3226
The size of Ocean Grove is approximately 18.5 square kilometres. There are 22 parks, covering nearly 16.5% of the total area. The population of Ocean Grove in 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation.In 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.
Ocean Grove has 11,902 properties. Over the last 5 years, Houses in Ocean Grove have seen a -2.42% decrease in median value, while Units have seen a 3.98% increase. As at 31 July 2026:
- The median value for Houses in Ocean Grove is $1,026,772 while the median value for Units is $851,059.
- Houses have a median rent of $650 while Units have a median rent of $560.
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