Sydney Upper North Shore childcare centre hits the market
A purpose-built, architecturally designed childcare centre in the Sydney suburb of Killara has hit the market and is expected to attract significant investor interest.
Located at 5 Manning Road, the property is secured by a 15-year lease to boutique operator Little Leo’s Early Learning Centre, with three additional 10-year options extending to 2063.
The centre occupies a substantial 2015-square-metre landholding and features multiple light-filled buildings, a half-basement car park for 22 vehicles and expansive outdoor play areas.
“This is one of the most prestigious childcare investments we’ve brought to market in recent years,” says CBRE’s Marcello Caspani-Muto, who is managing the sale alongside colleagues Sandro Peluso and Jimmy Tat, as well as Michael Vanstone of Burgess Rawson.
“The combination of a long-term lease, land tax exemption, and a land-rich holding in Killara – one of Sydney’s most affluent suburbs – makes this a generational opportunity for investors.”
The asset delivers an annual income of $629,410 plus outgoings and GST, underpinned by fixed 3 per cent annual rent reviews and land tax exemption.
“Childcare assets in blue-chip New South Wales locations continue to attract strong interest from both domestic and international capital,” adds Peluso.
“With Killara’s median house price now at $4 million and significant infrastructure growth ahead, we expect this property to be highly contested.”
The sale is via an International Expressions of Interest campaign closing in late February.
