A rarely offered freehold childcare investment in one of the Gold Coast’s most tightly held residential locations has sold for $4,150,000 at a 5.30% yield.
Located at 3 Galleon Way, Currumbin Waters, the property comprises a prominent 1,344 sqm corner landholding* improved by a progressively refurbished 60-place childcare centre, with approximately 75 m* of dual street frontage.
The investment is secured by a five-year net lease to 2029, with three further five-year options extending to 2044, with CPI + 1.5% annual rent increases.
Trading as Papilio Early Learning, the centre is operated by Affinity Education Group, one of Australia’s largest privately held childcare operators, with 255+ centres nationally, 20,000+ children in care and 4,000+ staff.
The tenant had established a strong occupancy track record, benefiting from a significant childcare undersupply of approximately 3.4 children aged 0 5 years per approved place.
Furthermore, the asset is strategically positioned within a highly established education catchment, with four primary schools within four minutes’ drive (4,225+ combined students), and nine schools within 3 km* accommodating more than 7,000 students*.
Stonebridge Associate Director Thomas Proberts said, “This sale reflects the ongoing demand for childcare freeholds with strong underlying land and lease fundamentals. The centre’s Gold Coast location and history of high occupancy provided confidence and long-term security to the purchaser.”
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