Ivanhoe
27 Livingstone Street
“A brand synonymous with success — Niño Early Learning Centres have proven highly desirable amongst an array of seasoned global investors, consistently transacting in a highly competitive fashion”
Executive Summary
$1,543,400
Portfolio Income
1,750+
Childcare Places
20
Early Learning Centres
(Operational & In Development)
The Covenant
Niño Early Learning Adventures
Implementing an entirely new and intuitive approach to early education from the day the company first opened its doors, the family owned and operated Niño Early Learning Adventures is an industry leader across all facets of childcare. Testament to this is the strong occupancy rates across their network along with benchmark-setting centre design.
Representing the gold standard in early education, Niño Early Learning Adventures features aesthetically gentle and homelike architectural spaces, child-led learning curriculum and seasonal nutritionist developed menus.
Niño Early Learning Adventures’ purpose for being is to encourage children to be brave, creative, resilient and kind; a philosophy reflected across all centres. With environments offering innovative and enriching educational excellence, each child is prepared for an ever-changing society.
The Niño Early Learning Adventures management team focuses on offering each child a rich and varied life experience, challenging and nurturing their natural talents and inclinations.
Purpose built, state of the art facilities
Mindful curriculum and flexible indoor/outdoor learning environments
Market leading nutritional standards and delivery led by Olympic gold medalist and nutritionist Lauren Burns
An expanding Melbourne-wide chain with various centres currently operating; twenty (20) centres in various stages from planning to construction; and multiple centres previously trading under different brand names
Privately family owned and operated - where children are not just a number on a listed company’s books
The Offerings
Three Premium Investments in Strategically Researched Locations
Mickleham
2 Whiteleaf Drive
Craigieburn
162 Elevation Boulevard
Ivanhoe
27 Livingstone Street
Corner Tate Street
Uncompromising quality in one of Victoria’s most sought-after post codes
Investment Summary
Brand New
20 Year Lease
$627,000p.a*
Returning
+ Outgoings & GST
Depreciation Benefits
State of the art improvements with significant depreciation benefits
Overview
- Brand new and architecturally designed centre to be completed in February 2022 and constructed by Ruber Group with a 62 year history and 20+ centres built
- Leased to Niño Early Learning Adventures (20 centres operational and in development) with a permit for 113 places
- Annual income of $627,000p.a*+ GST and outgoings plus a 6-month bank guarantee
- 20 year lease to 2042 with (2) two further (10) ten year options to 2062
- Strategic 1,015 sqm* corner site, zoned General Residential with twenty-four (24) on-site car spaces
- Blue-chip covenant who are widely recognised as one of the nations leading early learning providers and maintain a history of strong occupancy across all locations
Property Summary
| Tenant: | Niño Early Learning Adventures |
|---|---|
| Zoning: | General Residential – Schedule 1 |
| Building Area: |
777sqm* Ground Floor - 458sqm* First Floor - 319sqm* |
| Play Area: | 795sqm* |
| Land Area: | 1,015sqm* |
| No. of places: | 113 |
| Car Parks: | 24 |
Lease Summary
| Passing Income: | $627,000p.a* + Outgoings & GST |
|---|---|
| Lease Term: | 20 (twenty) years |
| Commencement Date: | 7 days after the issuing of Service Approval (estimated Feb 2022) |
| Options: | 2 (two) further terms of 10 (ten) years |
| Annual Reviews: | Fixed 3% |
| Market Reviews: | On the tenth anniversary of the commencement date of this lease, provided that on a market review the rent must not increase by more than 4% higher than the rent payable immediately prior to the market review. |
| Bank Guarantee: | An amount equal to 6 (six) months rental ($313,500) |
| Outgoings: | 100% payable by the lessee excluding land tax |
Location
One of Victoria’s most desirable postcodes, Ivanhoe is bordered by suburbs including Eaglemont and Kew, and is less than 10km* from the Melbourne CBD
High net worth suburb with average median household income substantially greater than the Melbourne average
Median Weekly Household Income:
Melbourne: $1,542
Ivanhoe: $1,914
Substantial historical median house price growth with Ivanhoe having seen a price increase of 49% in the past 5 years alone
Exceptional location in the heart of Ivanhoe, a sought-after suburb with a median house price of $1,940,000**
Moments from Ivanhoe Plaza (100m*) comprising a Coles supermarket, plus Upper Heidelberg Road retail precinct (250m*) providing excellent dining and shopping amenity with immediate access to Ivanhoe primary School via Tate street
Near by
400m* to Ivanhoe Primary School
100m* from Ivanhoe Plaza
550m* to Ivanhoe train station
2km* to Ivanhoe East School
Artist impression
Mickleham
2 Whiteleaf Drive
Corner of Harfield Avenue
Stunning improvements in proven
high enrolment location
Investment Summary
Brand New
20 Year Lease
$466,100p.a*
Returning
+ Outgoings & GST
Proven location
with historically high occupancy
Overview
- Brand new and architecturally designed centre completed in Oct 2021 and constructed by Ruber Group with a 62 year history and 20+ centres built
- 20 year lease to 2041 with (2) two further (10) ten year options to 2061
- Annual income of $466,100p.a* + GST & outgoings
- Fixed 3% annual increases plus 6 month Bank Guarantee
- Leased to Niño Early Learning Adventures (20 centres operational and in development) with a permit for 118 places
- Corner landholding of 2,496sqm* with exposure to Whiteleaf Drive and Harfield Avenue
- Blue-chip covenant, widely recognised as one of the nation’s leading early learning providers with a history of strong occupancy across all locations
Property Summary
| Tenant: | Niño Early Learning Adventures |
|---|---|
| Zoning: | General Residential – Schedule 4 |
| Building Area: | 862sqm* |
| Play Area: | 831sqm* |
| Land Area: | 2,496sqm* |
| No. of places: | 118 |
| Car Parks: | 25 |
Lease Summary
| Passing Income: | $466,100p.a*+ Outgoings & GST |
|---|---|
| Lease Term: | 20 (twenty) years |
| Commencement Date: | 4 October 2021 |
| Options: | 2 (two) further terms of 10 (ten) years |
| Annual Reviews: | Fixed 3% |
| Market Reviews: | On the tenth anniversary of the commencement date of this lease, provided that on a market review the rent must not increase by more than 4% higher than the rent payable immediately prior to the market review. |
| Bank Guarantee: | An amount equal to 6 (six) months rental ($233,050*) |
| Outgoings: | 100% payable by the lessee excluding land tax |
Location
High growth location with substantial upside - Mickleham has seen population growth of 264% in the past 5 years alone
Favorable childcare demographic location with an increase of circa 3,000 children in the 0-5 age group expected within 15 years
Significant surrounding residential estates and communities under construction or with permits approved, bringing greater amenity and value to the area during the life of this lease. Developers include; Burbank Homes, JG King Homes, Metricon and others
Strategically selected location with the Niño brand already operating a highly successful centre within the suburb. This centre is being developed to meet unsatisfied demand and long waitlists while optimising staffing efficiencies
Near by
900m* to Foundation Park
3 mins to Gaayip-Yagila Primary School
4.6km* To Merrifield City
4.6km* To Merrifield City
Artist impression
Brand New and Architecturally designed centre
Craigieburn
162 Elevation Boulevard
Corner Vantage Boulevard
Brand New Centre At The Heart of Dense Surrounding Residential And Community Development
Investment Summary
Brand New
20 Year Lease
$450,300p.a* +
Returning
+ Outgoings & GST
At the heart
of a new and emerging residential community
Overview
- Annual income of $450,300p.a* + GST & outgoings
- Fixed 3% annual increases plus 6 month Bank Guarantee
- Leased to Niño Early Learning Adventures (20 centres operational and in development) with a permit for 114 places
- Brand new and architecturally designed centre forecast for completion in February 2022 and constructed by Ruber Group with a 62 year history and 20 centres built
- 20 year lease to 2042 with (2) two further (10) ten year options to 2062
- Strategic corner landholding of 1,797sqm* with exposure to Elevation and Vantage Boulevards
- Blue-chip covenant, widely recognised as one of the nation’s leading early learning providers with a history of strong occupancy across all locations
Property Summary
| Tenant: | Niño Early Learning Adventures |
|---|---|
| Zoning: | Urban Growth Zone - Schedule 1 |
| Building Area: | 881sqm* |
| Play Area: | 857sqm* |
| Land Area: | 1,797sqm* |
| No. of places: | 114 |
| Car Parks: | 22 |
Lease Summary
| Passing Income: | $450,300 p.a*+ Outgoings & GST |
|---|---|
| Lease Term: | 20 (twenty) years |
| Commencement Date: | 7 days after the issuing of Service Approval (estimated Feb 2022) |
| Options: | 2 (two) further terms of 10 (ten) years |
| Annual Reviews: | Fixed 3% |
| Market Reviews: | On the tenth anniversary of the commencement date of this lease, provided that on a market review the rent must not increase by more than 4% higher than the rent payable immediately prior to the market review. |
| Bank Guarantee: | An amount equal to 6 (six) months rental ($225,150) |
| Outgoings: | 100% payable by the lessee excluding land tax |
Location
Strategically selected location with the Niño brand operating multiple successful centres within the municipality and it’s surrounds generating immediate demand while optimising staffing efficiencies
High price growth location with Craigieburn now an established suburb having seen median house price growth of 145% since 2015
Significant surrounding residential estates and communities under construction or having recently been completed. These are contributing to the gradual gentrification of the area with developers including Stockland, Burbank Homes, Porter Davis and others
Favourable childcare demand location with an increase of 5,365* children between the ages of 0-5 forecast by 2041 requiring a drastic increase in the number of early learning places available
Near by
1.2km* from Aitken Hill Primary School
Rapidly gentrifying suburb
Aston Fields Park 500m*
1 min* to Aston Village Shopping Centre
Artist impression
The Builder
Established over 62 years ago by the Rossi family, Ruber Group began as a construction company where father and son, Ettore and Luigi Rossi built the best houses in the neighbourhood. Luigi had a big dream for the future of the company and with a dedicated team beside him, together it has grown exponentially.
Ruber’s experience spans across property development, construction, early learning education, investment, design, architecture and commercial services with a portfolio consisting of over 70 diverse properties.
Ruber challenges social norms and inspires a team to set the bar high and exceed expectations, influencing the landscape of Victorian architecture and building history, particularly within the childcare sector.
The expertise of Ruber’s diverse and ever-growing team (200+ members), represents the group’s commitment to people, community and projects.
Early Learning Partnerships
TimeOut Educare and Niño Early Learning Adventures offer the highest standard in care, education and environment for families across Victoria. Their childcare centres push the boundaries and continue to exceed the industry standard in design, facilities, educational programs, health and safety, staff and operations.
A Word From The Company Manager
Melinda Ackerman
Niño Early Learning Adventures
Tell us about your journey in early education, and your work at NIÑO
I’ve been part of the vibrant early years education sector for 30 plus years, having furthered my skill set courtesy of a Diploma and Bachelor of Teaching. Always passionate about this important educational sector, I’ve worked across many roles with my dedication and industry knowledge — having operated centres in Victoria, Tasmania and New South Wales.
This depth of experience enables me to drive Niño Early Learning Adventures to new peaks of excellence as we expand our services across Melbourne — having variously held roles as Lead Educator, Kindergarten Teacher, Centre Manager, Area Manager, Operations Manager and State Manager. Today, I am proud to be the Company Manager for Niño Early Learning Adventures and have been in the role for over 6 years.
What makes NIÑO Early Learning Adventures a leading operator?
Niño Early Learning Adventures benefit from a unique team of supportive Company Directors, who support me in my vision to develop Australia’s best early years education and care service.
There is no expense spared in the Niño offering, from premium building and playground construction to child-centric landscaping and intuitive kitchen design.
Each Niño site is specifically designed for a progressive childcare experience, with considered elements from site layout to learning and nourishment zones.
Our Niño children enjoy swift enrolment and great popularity in the communities we establish centres within. Niño Early Learning Adventures have engaged renowned nutritionist and Olympic gold medalist Lauren Burns as our Nutritional Ambassador, setting Niño apart with our healthy, freshly prepared and seasonally influenced menus for children. Niño inspire children with a variety of enhancement programs led by experts, such as yoga, cooking classes, baby music classes, physical education and languages other than English.
Why Invest in Childcare?
An industry snapshot
$801.2M
annual profit
194,000
staff employed
$13.8B
in revenue operation
+4%
annual employment growth - 2022-2027
+$40B
in forecast government childcare subsidies in next 4 years
11,118
services operated in Australia^
+5.8%
profit margin
Sale Process
For Sale via International Expressions of Interest
Enquiries and Inspections
For all enquiries and to arrange an inspection, please contact the exclusive selling agents listed. Property inspections are highly recommended.
Data Room
Further information can be found at a dedicated online data room. To obtain access to the data room, a confidentiality agreement must be signed. Please contact a selling agent for a copy of the agreement. All materials are provided subject to the terms and conditions of the contract of sale and the disclaimers set out in this document.
Sandro Peluso
0418 389 757
sandro.peluso@cbre.com.au
Jimmy Tat 毕家辉
0439 399 118
jimmy.tat@cbre.com
Marcello Caspani-Muto
0417 065 777
marcello.caspanimuto@cbre.com.au