Moonee Ponds, Victoria

Project Description

Project Overview

Mollard Property Group were engaged to secure an operator, obtain a planning permit and manage the builder tender and construction. We provided a full turnkey service for the Moonee Valley Racing Club which included a conversion of a heritage-listed historic residence and garden of the Moonee Valley Racing Club’s CEO into a high-end 91-place early learning centre and securing a quality tenant on a long-term lease.

The project team worked through a multitude of heritage constraints (building and landscape), to obtain planning permits and ensure a quality product was delivered in accordance with the Racing Club’s and the operator’s requirements, enabling the adaptive re-use of a vacant building and bringing it to life. Upon opening, the operator found themselves with a fully booked 100% wait list.

This centre sold in 2019, achieving an incredible 5.29% net yield sales result.

Services Provided

Project Details

  • Location:

    Moonee Ponds, Victoria