A modern childcare centre leased to Nino Early Learning Adventures in Melbourne’s Montmorency is officially the first childcare listing to hit the public market in 2025.
The property is being marketed by CBRE’s Australian Healthcare and Social Infrastructure business of Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat. The team will look to continue their dominant run throughout 2024, having been responsible for the sale of the largest childcare centres in each major capital city across the country.
The subject property is located at 59-61 Para Road, Montmorency and features a 15-year lease to Nino Early Learning Adventures, which is one of Victoria’s most respected private operators with 12 locations. The CBRE team have been responsible for the successful sale of all Nino leased centres dating back to 2017.
Sandro Peluso said, “While all Nino operated centres historically perform to some of the highest standards in the market, the subject property is well located within a position that captures demand from multiple surrounding suburbs outside of just Montmorency. This includes Eltham, Lower Plenty and Greensborough. Many parents drive directly past the service on their one to and from the new Greensborough Station so the position is ideal. There is also a lack of high-quality competing services within a 5km radius when compared to many metropolitan suburbs. These positive demand side factors combined with the quality of the high-quality construction and fit out which is well above market standards is what we expect to be key drivers of investor interest.”
Marcello Caspani-Muto added, “In addition to a high-quality covenant, investors' returns over the life of the holding are substantial. Fixed 4% annual increases are a rarity in the market and that’s something this lease features. If you forecast out your income over the life of the holding these annual increases really start to have a positive impact on investor cash flow, and this is before all the benefits of depreciation which are closer to $1,500,000 over the first 10 years of ownership.”
The Montmorency centre is on the market now, with Expressions of Interest closing February 19th.
