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Colliers is pleased to present 32 Railway Parade, Mittagong. A rare opportunity to acquire a development ready childcare centre in one of the Southern Highlands most tightly held and rapidly growing family catchments.
Key Highlights:
- Development Approval for a 77-place childcare centre
- Undersupplied market with only 264 licensed places to a market of 661 children under 5*
- Large site area of 1,125m²* zoned R3 Medium Density
- Very limited vacancies across existing centres
- Strong childcare metrics with major growth in average day rates
- Strategic location only 75m to Mittagong Station and surrounded by schools
- Major growth with several surrounding housing developments fuelling a surging young family demographic
- Strong holding income with attractive rent potential or capitalising on short-term accommodation through a huge tourism industry
- Childcare continues to be one of Australia’s strongest performing commercial assets with major demand and strong government incentives
Due to small land parcels, bushfire-prone zoning, undulating topography, and extended decision-making timeframes by Wingecarribee Shire Council, securing DA approval for childcare developments in Mittagong is notably complex and time-consuming.
32 Railway Parade, Mittagong is offered For Sale via Expression of Interest closing Tuesday 18 November at 12PM (AEDT)
*Approximately
Remember to mention you found this property on DevelopmentReady
Colliers is pleased to present 32 Railway Parade, Mittagong. A rare opportunity to acquire a development ready childcare centre in one of the Southern Highlands most tightly held and rapidly growing family catchments.
Key Highlights:
- Development Approval for a 77-place childcare centre
- Undersupplied market with only 264 licensed places to a market of 661 children under 5*
- Large site area of 1,125m²* zoned R3 Medium Density
- Very limited vacancies across existing centres
- Strong childcare metrics with major growth in average day rates
- Strategic location only 75m to Mittagong Station and surrounded by schools
- Major growth with several surrounding housing developments fuelling a surging young family demographic
- Strong holding income with attractive rent potential or capitalising on short-term accommodation through a huge tourism industry
- Childcare continues to be one of Australia’s strongest performing commercial assets with major demand and strong government incentives
Due to small land parcels, bushfire-prone zoning, undulating topography, and extended decision-making timeframes by Wingecarribee Shire Council, securing DA approval for childcare developments in Mittagong is notably complex and time-consuming.
32 Railway Parade, Mittagong is offered For Sale via Expression of Interest closing Tuesday 18 November at 12PM (AEDT)
*Approximately
Remember to mention you found this property on DevelopmentReady
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