A high-net-worth private buyer has acquired a premium childcare centre in Turramurra for $11.5 million, reflecting an exceptionally sharp 4.5% yield.
The property, located at 143-145 Pentecost Avenue, was marketed and sold by CBRE’s Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Michael Vanstone.
Mr Caspani-Muto, Director within the CBRE Australian Healthcare & Social Infrastructure team noted the price for the property represents one of the strongest yields achieved nationally in the past 24 months for an established childcare centre and underscores the continued depth of demand for high-quality early learning investments across Australia.
“Achieving a 4.5% yield for an almost 10-year-old centre is an extraordinary result. It speaks not only to the quality of the asset, but to the strength of our global social infrastructure platform and our ability to consistently drive premium pricing,” he said.
Constructed in 2016, the asset continues to demonstrate benchmark performance, highlighting the resilience and longevity of premium-grade childcare real estate on Sydney’s prestigious Upper North Shore.
CBRE’s Senior Director of Asian Capital Services Jimmy Tat said, “Investor appetite for premium childcare assets in Sydney’s blue-chip suburbs remains incredibly strong. Following the momentum we have seen in deals across Cremorne, Brighton and Highett nationally, this campaign attracted significant engagement from both domestic and international capital.
“Turramurra is one of the most tightly held and sought-after locations in NSW, and the asset eventually sold to a high-net-worth private buyer sourced via our Asian Services team. While based locally, the base of their capital originated across APAC,” he added.
The asset benefits from an unusually large 2,244sqm landholding, long-term lease security and covenant strength from tenant Only About Children (OAC), a subsidiary of global early learning leader Bright Horizons.
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