Jones Real Estate has achieved a standout result with the sale of KinderPlay Early Learning Centre at 303 Springvale Road, Forest Hill, transacting for $1.1 million following a tightly held and highly competitive campaign that concluded in just four business days.
Notably, the sale achieved a 4.3%* initial yield, representing one of the sharpest childcare yields recorded nationally in 2026 and the strongest result achieved in Victoria year to date.
The purpose-built childcare facility is positioned on a prominent 814 sqm* corner site in Melbourne’s eastern suburbs and is fully leased to established operator KinderPlay Early Learning Centre, who has been trading from the site since 2018. The asset is secured by a brand-new five-year lease to 2031, returning $51,583 per annum plus GST, with fixed 3% annual increases and a dual-layer security structure.
Strong early engagement underpinned the campaign, with more than 40 enquiries received, including over 30 within the first 48 hours. A total of 12 inspections were conducted across the four-day campaign, culminating in a private investor securing the asset within 72 hours of their first inspection. Notably, the purchaser was entering the childcare sector for the first time, reflecting the broad appeal of the investment.
Vincent Lam, Manager – Asian Investment Service Desk at Jones Real Estate, said the result underscores continued demand for well-located childcare investments offering secure income and strong underlying fundamentals.
“This campaign highlights the depth of demand for quality childcare assets, particularly those underpinned by new lease structures and located within established, family-oriented catchments,” Mr Lam said.
“The purchaser’s swift commitment, despite being new to the sector, reflects both the strength of the asset and the effectiveness of a broad, sector-agnostic buyer engagement strategy.”
Mimi Hoang, Manager at Jones Real Estate, added that the property’s exposure and surrounding amenity were key drivers of buyer competition.
“High-profile corner positioning along Springvale Road, with more than 25,000 vehicles passing daily, provides exceptional visibility and long-term underlying land value,” Ms Hoang said.
“Combined with a strong residential catchment, proximity to multiple schools and key lifestyle amenity, the asset presented a compelling and accessible entry point into the childcare sector.”
Located within the City of Whitehorse, the property is positioned in a tightly held residential precinct characterised by a family-rich demographic, with more than 550 children aged 0 to 4 years* within the immediate catchment and over seven primary schools within 2.5 kilometres*. The asset is also moments from Forest Hill Chase Shopping Centre, Aqualink Nunawading and a range of established retail, medical and community amenity.
For more information please visit: https://www.jonesrealestate.com.au/.
*Approximate