The HoneyBears early learning centre in Sylvania has sold for $3.2 million amid growing interest in Sutherland Shire investment opportunities.
The substantial childcare, and its neighbouring property, have been secured by an astute investor keen to invest in the future growth of the shire.
Supporting the strong run of childcare sales over the last two years, the early learning centre on Lisbon Street attracted significant buyer interest throughout the campaign after earning the distinguished rating of Exceeding National Quality Centre by a government authority.
The neighbouring 1 Terrace Avenue property was purchased by the same investor for $2.6 million.
The acquisition of the Terrace Avenue property, which has development approval for a future childcare facility, will be finalised in early 2020.
According to Burgess Rawson associate director Michael Vanstone, the Sylvania postcode is favoured by young professional families and proved to be a huge drawcard with childcare investors.
''During the campaign we received more than 130 enquiries, with most coming from our bespoke connections with active childcare investors ... we received 25 requests for a contract too,'' Mr Vanstone said.
''The combined value of $5.8 million and the 5.25% yield is one of the strongest I've seen in NSW over the past nine months for this price bracket.
''The successful investor has really taken advantage of future upswing with the purchase of these two properties, which will see the childcare centre extended across two lots.
''Being a tightly-held area, the Sutherland Shire is just so popular - enquiries go through the roof and it has become a key geographical area for investors to get a foot-hold into.''
Mr Vanstone said experienced investors are becoming increasingly aware to the benefits of owning property within the childcare sector and in the Shire.
''This investment class has been considered hot property because of the long secure lease terms, growing working participation rates and increasing support from all levels of government,'' Mr Vanstone said.
''This centre in Sylvania represents a particularly desirable example - it comes with a new 15-year lease to 2033, which is supported by fixed 3 per cent annual rental increases, ensuring incredible value and stability for the prospective buyer.''