CBRE is pleased to offer to the market Howrah Sunrise Early Learning Centre, located at 1 Wilks Road, Lenah Valley (Hobart) TAS, for sale via Expressions of Interest.

This opportunity has the following key investment highlights:

+ Long fifteen (15) year net lease to 2039, with two (2) further ten (10) year options extending to 2059
+ Lenah Valley Childcare & ELC: established and family-owned childcare provider with a successful track record across 3 locations within the Hobart area
+ Tenant pays all usual outgoings, including single holding land tax and management fees
+ Annual rent increases to the greater of 3% or CPI, with ‘ratchet provisions’ at market, ensuring the rent cannot decrease
+ Established and well-maintained 96 LDC place, purpose-built childcare facility, including 24 on-title car spaces with a history of consistent strong occupancy and an extensive waitlist
+ Strategic 3,217sqm* landholding directly opposite Lenah Valley Primary School (550+ enrolments) and serving a dominant educational precinct featuring 15 schools within a 3km* radius^
+ Centrally located within close proximity to major retail amenities, including Glenorchy Plaza, Moonah Central, New Town Plaza Shopping Centre and Northgate Shopping Centre, anchored by national retailers including Bunnings, Coles, Harvey Norman, KFC, McDonald’s and Woolworths
+ High-Demand Childcare Location: Perfectly situated in an under-supplied catchment with a low ratio of 2.89 children (0-5 years) for every 1 LDC place^
+ Lenah Valley is a highly desirable, family-friendly inner city suburb only 2km* from Hobart with a median house price of $800,000 and a strong 6.7% compounding growth rate for residential house prices^^
+ Tasmnia: continues to lead the nation in economic resilience, recording the strongest GSP growth over the past eight years. The state maintains a record-low unemployment rate of ~4.0% and ranks #2 nationally for equipment investment (currently 22.4% above the decade average)^^^
+ Childcare/ Early Education: an essential service asset class with both Federal & State Governments allocating over $16 billion in funding for FY25, including $3.6 billion supporting wages and $1 billion to expand access in underserved areas
+ 3-day guarantee for childcare introduced 5th January 2026, expected to boost overall affordability and accessibility for childcare throughout Australia
+ Net Income: $357,822pa* + GST

For Sale by Expressions of Interest
Closing Wednesday 20 May 2026 at 3:00pm AEST
Please contact the exclusively appointed team for more information.

* Approx
^ Gapmaps
^^ Realestate
^^^ Commsec