Upper North Shore childcare centre asset hits the market

The opportunity to acquire a purpose-built, architecturally designed childcare centre in the Sydney suburb of Killara is expected to attract significant investor interest.

CBRE’s Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat, and Michael Vanstone are managing the sale via an International Expressions of Interest campaign closing in late February.

The property, located at 5 Manning Road, is secured by a 15-year initial lease to boutique operator Little Leo’s Early Learning Centre, with three additional 10-year options extending to 2063.

Mr Caspani-Muto said, “This is one of the most prestigious childcare investments we’ve brought to market in recent years. The combination of a long-term lease, land tax exemption, and a land-rich holding in Killara – one of Sydney’s most affluent suburbs – makes this a generational opportunity for investors.”

The asset delivers an annual income of $629,410 plus outgoings and GST, underpinned by fixed 3% annual rent reviews and land tax exemption, making it one of the most compelling childcare investments in the market.

The centre occupies a substantial 2,015sqm landholding and features multiple light-filled buildings, a half-basement car park for 22 vehicles, and expansive outdoor play areas.

Mr Peluso added, “Childcare assets in blue-chip New South Wales locations continue to attract strong interest from both domestic and international capital. With Killara’s median house price now at $4 million and significant infrastructure growth ahead, we expect this property to be highly contested.”

This offering follows CBRE’s Australian Healthcare & Social Infrastructure team’s successful sale of a leased childcare centre in Turramurra for more than $11 million in December 2025.