Blue-Chip Childcare | 30 Year Triple Net Lease to ASX-Listed Tenant
Description
Burgess Rawson from CBRE is pleased to offer to the market Mayfield Early Education, located at 139 Bay Road, Sandringham VIC, for sale via Investment Portfolio Auction 179.
This opportunity has the following key investment highlights:
+ Thirty (30) year triple net lease to Mayfield Early Education to 2050
+ One (1) further ten (10) year option to 2060
+ Mayfield Early Education (ASX: MFD): ASX-listed early education provider with a network of 45 centres nationally
+ Highly desirable triple net lease terms, tenant pays 100% of outgoings including: land tax (multiple holding basis), insurances, management fees, and all repairs and maintenance
+ Annual rent increases to the greater of CPI or 2.5%, ensuring long-term growth
+ Established and well-maintained 60 LDC place centre, with Mayfield acquiring the business and operating the centre since April 2023
+ Strategically located within a prime schooling catchment, 390m* from Sandringham East Primary School (501 enrolments), 485m* from Sandringham College (982 enrolments), with an additional 10 schools within a 3km*radius, combining to service 3,500+ enrolments*^
+ Prime positioned 1,254sqm* main road corner site with 78 metres* combined street frontage and with exposure to over 20,000 vehicles passing daily*
+ Conveniently located near major retail amenity, including Westfield Southland, home to over 400 specialty retailers and anchored by national brands including ALDI, Coles and Woolworths
+ Sandringham: highly desirable bayside suburb located only 19km* from the Melbourne CBD, and with a median house price of $2,065,000*
+ Childcare/ Early Education is an essential service asset class with both the Federal and State Government’s allocating over $16 billion in funding for FY25, including $3.6 billion supporting wages and $1 billion to expand access in undersupplied areas
+ Net Income: $305,612 pa* + GST
For Sale by Investment Portfolio Auction
10:30 am AEST Tuesday 16 September 2025
Garden Room, Melbourne Crown Casino, VIC
Please contact the exclusively appointed team for more information.
* Approx
^ Gapmaps
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Contact agents
Adam Thomas Senior Director
0418 998 971
Natalie Couper Senior Director
0413 856 983Enquiry Form
Sandringham, VIC
139 Bay Road
- Sold Price: Contact Agent
This property was sold as part of Portfolio 179
Contact agents
-
Adam Thomas Senior Director
0418 998 971 -
Natalie Couper Senior Director
0413 856 983