1 Darmain Drive, Greenvale, Vic 3059

CBRE Australian Healthcare & Social Infrastructure is pleased to offer for sale 1 Darmain Drive Greenvale (Cnr Mickleham Road and Hillview Road). 

A brand synonymous with success, Explorers Early Learning represents one of Australia’s most desirable childcare tenancies. With consistently high occupancy levels and 27+locations they are the tenant of choice for some of the country’s most astute investors and developers.  

Modern improvements constructed in 2021 are aligned with some of the highest quality centres in market with the property being a dominate force within the local market featuring consistently high occupancy rates and a notable existing waitlist.

Overview:

+ Explorers Early Learning – Highly respected private childcare provider with 27 centres in operation and further across the development pipeline

+ 15-year initial lease term plus (2) two further (10) ten-year options to 2056

+ 3,057sqm* triple frontage corner landholding with strong underlying value and unprecedented combined street frontage of 200m* 

+ Annual Income of $513,232* (as at Sept 2025) + Outgoings and GST 

+Additional income covering the cost of single holding land tax, for the initial lease term

+ 9 Months bank guarantee with fixed 3% annual increases  

+ Licensed for 152 long day care (LDC) places plus 33 dedicated parking spaces 

+ Highly serviceable rental of $3,377 per place – well below market levels allowing future rental reversion plus highly successful tenant operations 

+ High exposure location – Mickleham Road features over 16,000 passing vehicles daily 

Location:

+ High growth location – Greenvale has seen median price growth of 80%* over the last 10 years with strong connectivity to Melbourne Airport (10min) and direct access to the CBD via Mickleham Road

+ High demand catchment with close to 5,000* new homes being delivered over the next 10 years 

+ Strong forecast population growth with Hume City's population set to surge by 133,501 residents over the next 10 years (50%* increase)

+ Well-connected, adjoining major thoroughfare Mickleham Road with 16,000+* vehicles daily passing

+ Favourable family demographic with 43% of Greenvales population representing couples with children (Aus average of 30%) 

+ Moments from essential retail and medical amenity, inclusive of Greenvale Shopping Centre (1.3km*), Coles Greenvale(1.3km*), IGA Greenvale (1.3km*), Advara Healthcare (1.4km*), Greenvale Family Medical Practice (2.2km*) and more

+ Strong connectivity to multiple primary and secondary educational facilities , including Mary Queen of Heaven Primary School (350m*), Aitkeen College (500m*), Keelonith Primary School (1.1km*), Greenvale Primary School (2km*), Greenvale Secondary College (3km*) and more

To be sold via international expressions of interest closing on Wednesday 23rd July 2025 at 2:00pm (AEST)

For further information, please contact the exclusive sales and marketing agents:

Sandro Peluso
+61 418 389 757

Marcello Caspani-Muto
+61 417 065 777

Jimmy Tat
+61 439 399 118


approx*