Guardian Early Learning Centre in Langwarrin sells for $8.7 million

National childcare developer Accord Property has sold its Guardian Early Learning Centre at Langwarrin to a private investor for $8.7million.

The single level property, located at 88 Potts Road, is licensed for 110 childcare places and is fully leased to private equity owned operator Guardian with a 20-year initial lease term to 2044 plus further options.

CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat brokered the deal which marks the eighth childcare centre sale for the team this year.

Mr Peluso said the long-term stability of the early learning sector made this property attractive to the purchaser who also bought a Guardian-leased childcare centre in 2017.

“This is Guardian’s third centre within Langwarrin, both other centres are at 100% capacity with waitlists, a reflection of their success in the area and as an operator more broadly,” he said.

Director at Accord, Lachy Hogarth, said, “The site was strategically selected by the development team taking into consideration recent population growth and the concentration of younger families fuelling heightened demand for childcare in the area.”