Cedar Woods sells Melbourne childcare centre site

The Wollert site is permit-ready for a 122 place childcare centre.

Cedar Woods has sold a commercial piece of its Mason Quarter estate, in Melbourne’s north Wollert.

The 2621 square metre parcel, 58 Geata Street, also facing Tortel Street and Simmental Road, was offered permit-ready for a 122 place childcare centre, with seven rooms.

With 749 sqm, it was pre-committed too, to Aspire Early Education and Kindergarten.

Oreana Property Group is the buyer, for $3.4 million.

RPM Group’s Zaynoun Melham and Tim Hyland were the agents (story continues below).

Oreana is paying $3.4 million for the Wollert site.

Cedar Woods has been developing Mason Quarter for about five years. In 2021, it bulked up the site with a $30m land deal.

Wollert is about 26 kilometres from the CBD.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.