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31 Glenfern Rd 4,941 - 9,881 SF of 4-Star Retail Space Available in Ferntree Gully, VIC 3156
Highlights
- Proposed 62-place boutique childcare center across two levels.
- Strong local demand supported by a catchment ratio of 4.11 and 2,731 children aged 0–5 within 3 km.
- Located in a family-oriented suburb with forecast population growth to 29,563 by 2046.
- Exceptional exposure near Burwood Highway with high daily traffic counts.
- Convenient access to Ferntree Gully and Upper Ferntree Gully train stations.
- Positioned near shopping, schools, and parklands for added convenience and lifestyle appeal.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 4,941 SF | 10-30 Years | $17.31 /SF/YR $1.44 /SF/MO $85,511 /YR $7,126 /MO | TBD | ||
| 1st Floor | 4,941 SF | 10-30 Years | $17.31 /SF/YR $1.44 /SF/MO $85,511 /YR $7,126 /MO | Full Service |
Ground
The proposed two-level facility is designed to accommodate 62 childcare places, supported by a robust local catchment of 2,731 children aged 0–5 within a 3 km radius. Ferntree Gully is a growing suburb with a projected population of 29,563 by 2046, reinforcing long-term demand for quality childcare services.
- Fully Built-Out as Professional Services Office
- Space is in Excellent Condition
1st Floor
The proposed two-level facility is designed to accommodate 62 childcare places, supported by a robust local catchment of 2,731 children aged 0–5 within a 3 km radius. Ferntree Gully is a growing suburb with a projected population of 29,563 by 2046, reinforcing long-term demand for quality childcare services.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Professional Services Office
- Space is in Excellent Condition
- Central Air Conditioning
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 9,881 SF | Gross Leasable Area | 9,881 SF |
| Property Type | Retail | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Day Care Center | Construction Status | Proposed |
| Total Space Available | 9,881 SF |
| Property Type | Retail |
| Property Subtype | Day Care Center |
| Gross Leasable Area | 9,881 SF |
| Parking Ratio | 1.32/1,000 SF |
| Construction Status | Proposed |
About the Property
31 Glenfern Road in Ferntree Gully, Victoria, is a medical and consulting-zoned property currently proposed for development as a two-level childcare facility. The site comprises 918 m² of land with 13 on-site parking spaces. It is situated approximately 468 meters from Burwood Highway and within proximity to Ferntree Gully and Upper Ferntree Gully train stations. The surrounding area includes residential neighborhoods, retail amenities such as Mountain Gate Shopping Centre, and public parklands. The property is located in a suburb with a projected population increase and is accessible via major arterial routes.
- Courtyard
- Air Conditioning
- Balcony
Presented by
31 Glenfern Rd
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