Rare Opportunity to Acquire Childcare Centre Asset with Long-Term Secure Lease

A fully-leased childcare centre in the Melbourne suburb of Greenvale has hit the market and the asset is expected to attract significant investor interest.

The Expressions of Interest sales campaign is being driven by CBRE’s Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat on behalf of the private developer owner.

The property is located at 1 Darmain Drive, on the corner of Mickleham Road and Hillview Road, making it a triple frontage site with main road exposure within a modern residential estate.

The centre is licensed for 152 places and is fully-leased to Explorers Early Learning for an initial term of 15 years plus further options taking the potential tenure to 2056.

Mr Peluso said, “We consistently see assets leased to Explorers Early Learning amongst the most sought after in the market due to the quality of the covenant. Almost any service across Victoria run by the Explorers is near complete capacity, which is testament to the quality of the business and its positive perception with parents. This all translates to incredibly strong investor confidence and we expect this asset to attract a significant amount of interest.”

The asset has an underlying land area of over 3,000sqm making it one of the largest offerings of this type in the market.

Mr Caspani-Muto added, “Outside of the proven success of the business operations on-site, potential investors are also getting a notable landbank of over 3,000sqm – almost double what you would expect to see across New South Wales, Victoria or Queensland. A single level centre of this size brings with it very flexibility long-term usage across the site, with triple frontage and multiple potential points of access into the future, something that is rare for new metropolitan centres in any state.”

The Expressions of Interest campaign will close on Friday July 4, 2025.