CBRE Australian Healthcare & Social Infrastructure are pleased to exclusively present for sale 69 North Street, Hadfield, a childcare investment underpinned by an exceptionally long lease within an established inner North Melbourne location that features strong childcare demand fundamentals.

Fully leased to Story House Early Learning, a private equity-owned powerhouse with a constantly expanding network operating over 50 centres across Australia.

Located within a tightly held residential catchment, the centre benefits from a strong childcare demand ratio of 4.18 (children under 5) in addition to being co-located with St Thomas More Primary School and Church. With the properties fit out complete in April 2026, the brand-new centre features market-leading improvements and is designed for 120 children. The property is being sold via Expression of Interest (EOI), closing Wednesday 8 July 2026 at 3:00 pm (AEST).

This opportunity has the following key investment highlights:

+ Seventeen (17) year net lease to Story House to December 2043
+ Three (3) further ten (10) year options to 2073
+ Story House: premium early education provider with over 50 centres across Australia and majority-owned by private equity firm Roc Partners ($9b assets under management)
+ Storey House pays all outgoings, including single-holding land tax
+ Fixed annual 3% rent reviews, ensuring continued income growth
+ Brand-new 120 LDC place childcare centre (completed April 2026) with 25 car spaces
+ Strategically located adjacent St Thomas More Primary School, popular local retail shops and only 400m* to Belle Vue Park Primary School, with an additional 18 school within a 3km radius^
+ Ideally centrally located with direct access to Werribee’s primary transport routes, benefiting from a combined 225,000+ vehicles passing daily via Sydney Road, Pascoe Vale Road and Western Ring Road^
+ Hadfield: under-supplied childcare location, with a ratio of 4.18 children (0-5yr old) to 1 LDC place and only 12km* from Melbourne CBD^
+ City of Merri-bek: thriving inner north-western LGA, currently generates $14.9 billion in annual economic output with over 51,064 jobs in the area supporting 16,063 local businesses^^
+ 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 this year, which is expected to boost overall affordability and accessibility for childcare throughout Australia
+ Net Income: $477,737 pa* + GST

For Sale by Expression of Interest (EOI)
Closing Wednesday 8 July 2026 at 2:00 pm (AEST)
Please contact the exclusively appointed team for more information.

* Approx
^ Gapmaps
^^ Forecast.Id