CBRE in-conjunction with Mollard Advisory, are pleased to offer to the market Cherubs Early Learning, located at 40-44 Raff Street, Toowoomba City QLD 4350 for sale via an Expressions of Interest campaign.

The opportunity has the following investment highlights:

+ Rare fifteen (15) year triple net lease to Cherubs Early Learning to 2037, plus one (1) further five (5) year option to 2042
+ Cherubs Early Leaning: Longstanding childcare operator with a proven 29+ year history within the Toowoomba region
+ Rare & highly desirable triple net lease structure – tenant pays 100% of outgoings including land tax, all repairs & maintenance and structural capital expenditure
+ Investor-preferred annual rental increases to the greater of CPI or 3% with ratchet provisions at market review, ensuring the rent cannot reduce
+ Expansive 120 LDC place childcare facility across two separate buildings with 20 valuable on-site car spaces
+ Strong trading business with historically high occupancy
+ Land-rich 2,833sqm* site with dual street access & favourable ‘Low – Medium Density Residential’ zoning allowing for a for a multitude of future repositioning opportunities (STCA)
+ Immediate access to Ruthven Street and the New England Highway – two major thoroughfares carrying 140,000 vehicles weekly
+ Strategically located in a premium schooling catchment, with a significant 27 schools within a 3km radius, combining to support 13,183* full time students
+ Directly adjoining the State Government’s Priority Development Area ‘Toowoomba Railway Parklands’ – a PDA transforming the unused Toowoomba Railways & surrounds into a mixed density urban village accommodating 2,270* future residential units
+ Positioned within 500m* of major retailers Bunnings Warehouse & Fantastic furniture, and located only 1km* from Toowoomba’s premier shopping centre Grand Central Shopping Centre, anchored by national tenants Coles, Woolworths, Target, Kmart, Big W and supported by over 180 specialty retailers
+ Toowoomba: QLD’s 6th largest region by population, generating $15.14 billion in Gross Regional Product (GRP), and is experiencing a significant surge in property prices, with an annual growth of 21.7%
+ Net Income: $388,597 pa* + GST

To be sold via Expressions of Interest
Closing 3pm (AEST) Wednesday 4 March 2026
(If not sold prior)

Please contact the exclusively appointed sales team for more information

*Approx