197-199 Murrindal DriveRowville VIC 3178
Property Details for 197-199 Murrindal Dr, Rowville
Last Listing description (November 2023)
Burgess Rawson is pleased to offer to the market 197-199 Murrindal Drive, Rowville VIC for sale via our Investment Portfolio Auction 165.
This opportunity has the following key investment highlights:
+ New fifteen (15) year net lease to June 2037
+ Discovery Bay Early Learning: premium 'Montessori' early education provider with a current network of 8 centres across Victoria
+ Fixed 3% annual rent increases, ensuring future income growth
+ Tenant pays all usual outgoings
+ Newly refurbished facility, offering significant depreciation benefits
+ Modern purpose-built centre licensed for 76 LDC places
+ Established and long trading centre since 1995
+ Strategically positioned adjoining Karoo Primary School (495+ enrolments), and situated in a favorable educational precinct, featuring an additional 9 schools within a 3km radius
+ Substantial 1,489sqm* landholding conveniently located within 3km* of major retail amenities including major centres Rowville Lakes Shopping Centre, HomeCo Knoxfield, Wellington Village Shopping Centre & Stud Park Shopping Centre
+ Rowville: established family-orientated suburb with excellent access to key retail, commercial and transport amenities, and located only 27km* from the Melbourne CBD
+ Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform taking effect from July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^
+ Net Income: $252,110 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
River Room, Crown Casino, Melbourne
Please contact the exclusively appointed team for more information.
*Approx.
^ Australian Government - Department of Education | Child Care Subsidy Reform
Property History for 197-199 Murrindal Dr, Rowville, VIC 3178
- 17 Mar 2026Sold for $4,710,000
- 06 Dec 2023Sold for $4,580,000
- 03 Nov 2023Listed for Sale Price on Request
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0About Rowville 3178
The size of Rowville is approximately 21.7 square kilometres. There are 63 parks, covering nearly 23.9% of the total area. The population of Rowville in 2016 was 33672 people. By 2021 the population was 33571 showing a population decline of 0.3% in the area during that time. The predominant age group in Rowville is 50-59 years. Households in Rowville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rowville work in a professional occupation.In 2021, 81.10% of the homes in Rowville were owner-occupied compared with 82.40% in 2016.
Rowville has 14,575 properties. Over the last 5 years, Houses in Rowville have seen a 13.58% increase in median value, while Units have seen a 7.35% increase. As at 30 June 2026:
- The median value for Houses in Rowville is $1,138,367 while the median value for Units is $738,684.
- Houses have a median rent of $695 while Units have a median rent of $625.
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