CBRE is pleased to offer to the market Howrah Sunrise Early Learning Centre, located at 10 Ploughman Road, Howrah (Hobart) TAS, for sale via Expressions of Interest.

This opportunity has the following key investment highlights:

+ Long ten (10) year net lease to 2034, with three (3) further ten (10) year options extending to 2064
+ Howrah Sunrise 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
+ Modern 129 LDC place, purpose-built childcare facility, including 29 on-title car spaces with a history of consistent strong occupancy
+ Substantial 3,895sqm* triple street frontage site located directly opposite the Coles-anchored Glebe Hill Village Shopping Centre and only 2km* from the Woolworths-anchored Shoreline Plaza Shopping Centre
+ Strategically positioned in a prominent schooling catchment with 5 schools within a 1.5km* radius and a further 3 schools within a 3km* radius^
+ Exceptional main-road visibility to over 25,000 vehicles passing daily on Rokeby Road, acting as a primary arterial conduit and providing seamless access to the Hobart CBD^
+ Howrah: a family-friendly beachside suburb only 7km* east of Hobart, known for its scenic views. The site is perfectly situated in a high-demand and under-supplied childcare location with a ratio of 3.40 children (0-5yr old) to 1 LDC place^
+ 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: $518,193 pa* + 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
^^ Commsec