CBRE is pleased to offer to the market Affinity Education, located at 78-80 Hoysted Avenue, Cranbourne North VIC, for sale via Investment Portfolio Auction 188.

This opportunity has the following key investment highlights:

+ Twenty (20) year triple net lease to Affinity Education to January 2036
+ Two (2) further ten (10) year options to 2056
+ Affinity Education: leading early education provider with over 250 centres across Australia
+ Triple net lease: tenant pays 100% of outgoings including land tax (multiple holding basis), management fees (capped at 1.75%) and all structural and capital works
+ Annual rent increases to the greater of 2.5% or CPI, with ratchet provisions at market, ensuring the rent cannot decrease
+ Strategic 1,128sqm* corner landholding directly opposite Courtenay Gardens Primary School with over 800 annual enrolments and a further 10 schools within a 3km* radius^
+ Established 50 LDC place centre including 7 on-title car spaces with a history of consistent strong occupancy
+ Situated 400m* from Cranbourne’s high-performing retail and lifestyle hub, including the Woolworths-anchored Thompson Park Way Shopping Centre and Cranbourne Homemaker Centre, anchored by Bunnings, Officeworks, JB Hi-Fi and over 90 specialty retailers
+ Ideally located with direct access to Cranbourne’s primary transport routes, benefiting from a combined 100,000+ vehicles passing daily via Thompsons Road (200m*), South Gippsland Highway (650m*) and Narre Warren Road (1km*)
+ Cranbourne North: booming growth location with population set to surge 73.70% by 2046 to 23,000+ residents
+ City of Casey: one of Victoria’s largest and fastest-growing LGAs with a population of 405,000+ people and a total economic output of $32B+
+ Net Income: $172,500 pa* + GST

Government-Underpinned Investment:
Childcare is an essential service asset class that enjoys bipartisan Federal and State Government support. The sector is underpinned by over $16 billion in Federal funding (FY25/26) to ensure that every child has access to at least three days per week of subsidised early education and care. The Government has also allocated a further $3.6 billion for educator wage increases, strengthening the tenant’s operational stability.

For Sale by Investment Portfolio Auction 188
10:30am AEDT Wednesday 28 October 2026
Crown Casino, Melbourne

Please contact the exclusively appointed team for more information.

* Approx
^ Gapmaps
^^ Forecast.id