271 Thompsons RoadTemplestowe Lower VIC 3107
Property Details for 271 Thompsons Rd, Templestowe Lower
Last Listing description (September 2022)
Burgess Rawson is pleased to offer to the market, 271 Thompsons Road, Templestowe Lower for sale via our Auction Investment Portfolio 155.
This investment has the following key investment highlights:
+ New 12 year net lease to Journey Early Learning to 2034.
+ Journey Early Learning: leading early education provider, with a network of 37 centres across the eastern seaboard.
+ Attractive 3.25% annual rent increases.
+ Strong trading business with 100% occupancy & long wait-list.
+ Tenant pays all usual outgoings.
+ Extensively refurbished childcare centre with significant depreciation and licensed for 45 LDC places.
+ Prominent corner road site with frontages to Sunhill Road and Thompsons Road, situated within a significant schooling precinct with six primary and secondary schools within a 1.5-kilometre radius.
+ Conveniently located metres from the ALDI and Woolworths-anchored Macedon Square, and within close proximity from Westfield Doncaster, underpinned by major retailers ALDI, Coles, Woolworths and over 350 specialty retailers.
+ 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: $172,825 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 14 September 2022
Crown Casino - River Room
Please contact the exclusively appointed Burgess Rawson team for more information.
Burgess Rawson:
Natalie Couper: 0413 856 983
Adam Thomas: 0418 998 971
Sam Mercuri: 0413 830 709
Conjunctional Agent:
David Knuppel
0412 393 829
childcarebrokers@bigpond.com.au
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property History for 271 Thompsons Rd, Templestowe Lower, VIC 3107
- 16 Sep 2022Sold for $3,450,000
- 17 Aug 2022Listed for Sale Price on Request
- 05 Nov 2018Sold for $1,300,000
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About Templestowe Lower 3107
The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2016 was 13429 people. By 2021 the population was 14098 showing a population growth of 5.0% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation.In 2021, 80.00% of the homes in Templestowe Lower were owner-occupied compared with 80.00% in 2016.
Templestowe Lower has 6,570 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 6.43% increase in median value, while Units have seen a 15.68% increase. As at 31 March 2026:
- The median value for Houses in Templestowe Lower is $1,358,064 while the median value for Units is $999,453.
- Houses have a median rent of $730 while Units have a median rent of $693.
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