CBRE is pleased to offer to the market a rare entry level childcare centre located at 230 Bayswater Road, Currajong (Townsville) QLD 4812 for sale via Investment Portfolio Auction 184.

This opportunity has the following key investment highlights:
+ Five (5) year net lease to Noah’s Ark Kindy to 2030 plus three (3) further five (5) year options to 2045
+ Noah’s Ark Kindy: established privately owned and operated independent childcare provider successfully operating for over 10 years with a high-level of occupancy (1)
+ Landlord favourable net lease structure with tenant responsible for 100% of outgoings, including land tax
+ Attractive fixed 4% annual rent increases ensuring consistent and compounding rental growth
+ Prominently positioned 809sqm* landholding with direct frontage to Bayswater Road (2)
+ Bayswater Road: key Townsville arterial with exposure to 150,000+ vehicles passing weekly (3)
+ Tidy 43 LDC place childcare centre, complete with nursery, learning rooms and outdoor playground
+ Perfect childcare location: within an extremely dominant schooling catchment, located just 400m* of Marian Catholic School (373 students*) with an additional 14 schools, supporting 7,806 full-time students* located within a 3km* radius of the centre (3)
+ Perfectly located within a prominent retail corridor with Castletown Shopping Centre, Warrina Shopping Complex and Domain Central, anchored by Coles, Woolworths, Big W, The Reject Shop, BCF, Autobarn, The Good Guys, Chempro, JB HI-FI, TK Maxx, Silly Solly’s, Joyce Mayne and 100+ specialty retailers all located within 2km*
+ Currajong: established central suburb of Townsville with median house prices increasing 22% in the last 12 months and located just 4km* from the Townsville CBD (4) (5)
+ Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046 with $27 billion in infrastructure projects underway (6) (7)
+ Net income: $88,400 pa + GST (as at July 2026) ($2,055 per place)

For Sale via Investment Portfolio Auction 184
10:30am (AEST) Thursday 14 May 2026
Level 3, Waterfront Place, Brisbane

Please contact the exclusively appointed CBRE team for more information.

*Approx.

1. Noah’s Ark Kindy
2. Gap Maps
3. Townsville City Council
4. Realestate.com
5. Google Maps
6. Community ID
7. Townsville Enterprise