Melbourne childcare centre to set per place record

A Chinese restaurant at 760 Toorak Road, razed in 2022. Image: Google Street View.

A south east Melbourne childcare centre, the delayed construction of which saw a sunset clause come effective for the high profile tenant which pre-committed, is for lease again, now a different developer is completing it.

The Hawthorn East childcare centre should command the city’s highest daily rates.

In good news for the landlord, the achievable rent for 760 Toorak Road, Hawthorn East, should be higher.

The 2022 lease was for $499,200 – or $5200 per place.

With daily fee rates in the catchment – including the blue ribbon suburbs of Armadale, Glen Iris, Hawthorn, Kooyong and Malvern – at a record $180-$195, a higher rental return, possibly in excess of $6000 per place, is expected this leasing campaign, according to the agents, CBRE’s Jimmy Tat, Marcello Caspani-Muto and Sandro Peluso.

If achieved, it would set a metropolitan record per place, they added, trumping a Manningham facility.

Completion is scheduled December.

Next chapter for Chinese restaurant

Near the corner of Tooronga Road and a Coles-backed retail centre (also Coles’ headquarters), the childcare centre is replacing a restaurant previously known as Village Buffet and before that, Golden House and Beijing Palace (story continues below).

The multi-level childcare centre, from Toorak Road.

With 599 square metres over three floors, it is licensed for 96 children.

A basement will include 21 car parks.

The 784 sqm block will also be configured with a playground.

The last tenant to commit, Nino Early Learning, did so for 20 years with two 10 year options.

This section of Hawthorn East is about seven kilometres from Melbourne’s CBD.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of