121 Mitchells LaneSunbury VIC 3429
Property Details for 121 Mitchells Lane, Sunbury
Last Listing description (February 2022)
+ Secure 15 year net lease to Bambini ELC to 2034.
+ Two further 10 year options to 2054.
+ Bambini ELC: premium early education provider with eight Melbourne locations.
+ Tenant pays all usual outgoings.
+ Purpose-built child care centre, with service approval for 96 LDC places.
+ Large 2,080sqm main road site, adjoining Holy Trinity Catholic Primary School, opposite Sunbury Downs College and 250 metres from Sunbury Heights Primary School.
+ Located within Rosenthal master-planned community comprising 1600+ homes.
+ Sunbury: satellite City 38km from Melbourne, and servicing a 65,000+ trade catchment population.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $304,114 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property History for 121 Mitchells Lane, Sunbury, VIC 3429
- 19 Nov 2024Sold for $7,650,000
- 23 Feb 2022Sold for $6,575,000
- 21 Jan 2022Listed for Sale Price on Request
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About Sunbury 3429
The size of Sunbury is approximately 132.0 square kilometres. It has 93 parks covering nearly 5.3% of total area. The population of Sunbury in 2016 was 36084 people. By 2021 the population was 38851 showing a population growth of 7.7% in the area during that time. The predominant age group in Sunbury is 30-39 years. Households in Sunbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunbury work in a professional occupation.In 2021, 77.60% of the homes in Sunbury were owner-occupied compared with 76.50% in 2016.
Sunbury has 25,002 properties. Over the last 5 years, Houses in Sunbury have seen a 25.33% increase in median value, while Units have seen a 21.33% increase. As at 31 December 2025:
- The median value for Houses in Sunbury is $753,927 while the median value for Units is $519,562.
- Houses have a median rent of $545 while Units have a median rent of $450.
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