Occupying a substantial block of land, this unique property operated as a thriving childcare centre for approximately 20 years and now presents a fantastic opportunity for business owners and residential developers alike (STCA).Key attributes of the block include general residential zoning (GRZ1), along with uniform dimensions, minimal gradient across the site and a total land component in the vicinity of 665 square metres.The building itself was purpose-built for childcare and provides the perfect starting point for a similarly-minded operator to put it back into service still boasting a current permit in place to supervise up to 30 children.Two extra-spacious and inter-connecting classrooms dominate the interior complemented by both childrens and staff toilet facilities, dedicated office, staff room, kitchen, laundry and storeroom.Completing the picture is a sizeable rear yard featuring an additional external storeroom, plus a front carpark with dual crossovers and five designated parking bays.Moments from local cafes and shops, along with Pascoe Vale Outdoor Pool, Rogers Reserve, Pascoe Vale Primary School and choice of bus routes, it also offers easy access to Pascoe Vale Station, Strathmore Secondary College (zoned) and Citylink.
The size of Pascoe Vale is approximately 4.9 square kilometres. There are 22 parks, covering nearly 7.4% of the total area. The population of Pascoe Vale in 2016 was 17051 people. By 2021 the population was 18171 showing a population growth of 6.6% in the area during that time. The predominant age group in Pascoe Vale is 30-39 years. Households in Pascoe Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pascoe Vale work in a professional occupation.In 2021, 62.50% of the homes in Pascoe Vale were owner-occupied compared with 63.10% in 2016.
Pascoe Vale has 10,119 properties. Over the last 5 years, Houses in Pascoe Vale have seen a -0.94% decrease in median value, while Units have seen a -1.12% decrease. As at 31 August 2026:
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