Information Memorandum_420-422 High Street Road, Mount Waverley
As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
01. Point of Interest 02. Point of View
Property Features
Tenancy Schedule 05. Property Particulars
06. Location 07. Sales Process
HIGH-YIELD, HIGH STREET: PREMIUM CHILDCARE INVESTMENT
420–422 High Street Road occupies a strategic position along one of Mount Waverley’s most prominent thoroughfares, just 700 m* from Mount Waverley Train Station. The location places the property within immediate reach of major commuter routes, including the Monash Freeway (1.8 km*) and Burwood Highway. Situated less than 1.2 km* from The Glen Shopping Centre and surrounded by educational institutions and local parks, this site benefits from consistent foot traffic, strong local patronage, and deep-rooted community engagement. The arterial frontage enhances exposure and accessibility, further cementing this location’s viability for childcare and related services.
$268,000
1,739
leased to Roots Childcare & Kindergarten.
to Mount Waverley Train Station
A secure, long-term lease in a family-centric suburb underpins this investment, offering strong annual income and reliable tenant performance in a growth corridor.
Daniel Philip | 0439 977 121
daniel.philip@cva.melbourne
“Commercial real estate is underpinned by longevity. In the loyal client partnerships we establish and the value we create on a trusted basis, it’s a partnership that starts here, but sees each individual reach their own objectives.”
An agent that turns first impressions into lasting commitments. Since the early days of his career, Daniel has established a level of service that is defined by in-depth market knowledge, expert advice and responsive communication. Committed to creating value in the commercial real estate opportunities he matches with his clients’ objectives, and the ability to think outside the square. Especially if that extends well beyond Melbourne’s inner-city grid.
Jordan Carroll | 0467 628 951 jordan.carroll@cva.melbourne
“In theory, success through commercial real estate comes from informed decision-making based on financial metrics and economic factors. In our practice, it’s forging strong relationships with business owners and investors, fostering long-term connections that are valued for a lifetime.”
Some things about real estate can’t be taught — like innovative marketing tactics, effortless relationship building, and unwavering ethical standards — and Jordan has naturally brought all of these to the table. Passionate. Principled. Charismatic. His personable and genuine nature will see your trust in him stay sky-high, while your needs and ambitions get the same treatment at the top of his priority list. Jordan’s deep commitment to excellence and continuous improvement underpins his every move, making your next one in the market the strongest so far.
Purpose-built for long-term functionality, this premium childcare facility spans 465 sqm* on an expansive 1,739 sqm* allotment. It features a modern, high-quality fit-out designed to accommodate up to 67 children, including wheelchair access, ample indoor learning spaces, and outdoor play areas. The centre includes 21 on-site car spaces, enhancing accessibility for staff and families. Fully leased to a nationally recognised operator on secure, long-term terms, the asset is bolstered by a six-month rental bond, consistent income growth mechanisms, and General Residential Zoning that provides future development flexibility. Refurbished and well-maintained, this is a resilient, incomegenerating investment asset.
TENANCY SCHEDULE
Tenant
Current rental
Lease terms
Commencement date
Further terms
Rental reviews
Outgoings
Roots Childcare and Kindergarten
$286,000 p.a + outgoings
Ten (10) years
December 2024
Two (2) further Ten (10) year options
3.5% fixed increases or CPI (whichever is greater)
Payable by Tenant as per lease
Roots Childcare & Kindergarten
Roots Childcare & Kindergarten is a nationally recognised early learning provider, celebrated for its commitment to high-quality education and care across Victoria and Queensland. Known for fostering strong community connections and upholding educational excellence, Roots operates purpose-built centres that prioritise safety, learning, and emotional wellbeing.
The Mount Waverley centre exemplifies this philosophy, offering a thoughtfully designed fit-out to accommodate 67 children. The facility is operated under stringent regulatory standards and supported by a long-term lease with two additional 10-year options—ensuring stability and continued service to the local community.
With a proven track record of trust, quality, and sustainable growth in the childcare sector, Roots is now expanding its presence with the launch of its fourth centre—and second in Victoria—further strengthening its reputation as a leader in early childhood education.
Principle Outgoings
Site
Title particulars
Certificate of Title — Volume 09505 Folio 450 Lot 2 on Plan of Subdivision 125495
Zoning General Residential Zoning (GRZ)
VPO1 - Vegetation Protection Overlay - Schedule 1
Municipality City of Monash council
All signs point to: High Street Road
High Street Road in Mount Waverley is a prominent and high-traffic arterial located within one of Melbourne’s most established and family-oriented suburbs. Below are key advantages of acquiring property in this sought-after location:
High Visibility and Traffic Exposure
High Street Road is a major east-west arterial linking Melbourne’s southeastern suburbs, frequented by both local residents and through-traffic. With its broad road frontage and significant daily vehicle flow, the property offers excellent visibility — a major benefit for service-based operations like childcare. Its wide street frontage enhances brand exposure and long-term presence.
Connectivity and Public Transport Access
Positioned just 700 m* from Mount Waverley Train Station and 1.8 km* from the Monash Freeway, the site benefits from strong commuter and arterial connectivity. These transport links ensure convenient access for staff, families, and visitors travelling across the southeastern corridor and into the CBD.
Strong Local Amenities
Situated only 1.2 km* from The Glen Shopping Centre and close to a range of cafes, medical clinics, and neighbourhood shops, the location offers convenience for both staff and parents. This surrounding amenity supports daily engagement with the site and contributes to the operational appeal of the facility.
Established Community Demand
Mount Waverley is a long-established suburb with a strong family demographic, supported by multiple primary and secondary schools, parks, and community services. The area’s reputation for education and liveability fuels ongoing demand for childcare services — reinforcing the long-term strength of this investment.
Located on a thriving arterial in a well-established eastern corridor, this address offers unmatched exposure and access in one of Melbourne’s most stable suburban precincts.
All signs point to: Mount Waverley
Mount Waverley is one of Melbourne’s most established eastern suburbs, long regarded for its balance of residential stability and commercial amenity. With a population characterised by families, professionals, and long-term homeowners, the area is underpinned by consistent demand for educational and community services — making it a hotspot for early learning and care providers. Its strong demographic profile, high home ownership rates, and median household incomes reinforce a deep catchment for services catering to young families.
Infrastructure is a defining strength of Mount Waverley, offering seamless connectivity via major roads and public transport, including the Glen and Mount Waverley rail line. The suburb’s commercial precincts — led by The Glen and several neighbourhood centres — deliver convenience and variety, while nearby educational institutions contribute to daily visitation. Supported by ongoing residential redevelopment and zoning flexibility, Mount Waverley presents enduring investment potential in a historically low-vacancy precinct.
Private Sale Process
At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process.
To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer.
1. Submitting Offers
Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration.
2.
Review Process
Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received.
3. Contract and Settlement
Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor.
We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.
