451 Brown Rd 11,539 SF Retail Building Officer, VIC 3809 For Sale

This premium dual-tenant investment offering presents a rare acquisition opportunity within Officer’s burgeoning Town Centre, delivering long-term income certainty from two purpose-built facilities in the education and aquatic sectors. Strategically located in one of Melbourne’s fastest-growing family corridors, this asset combines defensive tenancy profiles with attractive rental growth structures and strong depreciation benefits.
451 Brown Road comprises a newly constructed childcare centre leased to AMIGA Montessori, a nationally renowned operator, on a new 10-year term with two further 10-year options. Licensed for 135 places, this facility is underpinned by a commencing rental of $502,200 p.a. (with fixed 3% annual increases) and supported by 29 on-site parking bays on a proposed 2,909 m² allotment.
Complementing this, 455 Brown Road will house Bright Waves Swim School in a state-of-the-art aquatic education facility currently under construction and due for completion in Q4 2025. Secured by a new 14-year lease with two further 5-year options, the tenancy will generate $380,000 p.a. plus annual reviews, servicing demand for learn-to-swim programs within a growing family demographic.
Offered individually or in one line via Expressions of Interest, this dual-asset portfolio capitalizes on essential service demand drivers, quality operator covenants, and its position within an established town centre framework with immediate access to main arterials and rail connectivity.