A modern, purpose-built early learning centre in one of Auckland’s most connected inner-west city fringe suburbs is for sale, offering investors a well-maintained asset with secure long-term income and the backing of a nationally recognised early education operator.
Unit 10, 55 Sainsbury Road, Morningside comprises a second-level 1,208sqm property within the established Sainsbury Retail Centre, a precinct forming part of the broader St Lukes Business Park.
Completed in 2010, the wider centre is home to a well-balanced mix of retail, service, and food businesses, with the subject property purpose built as an early education facility.
The property is leased to Active Explorers, part of the Evolve Education Group, one of New Zealand’s largest early childhood education providers.
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Licensed for 80 children, the facility offers three main learning rooms, a nursery, kitchen, amenities, and a secure outside play area providing a modern and child-friendly environment that supports the operator’s established programme.
The lease structure reflects Active Explorer’s long-term commitment to the site. The lease runs through to July 2034, with two-yearly rent reviews to the greater of CPI or market.
Effective from 1 August 2026, the net rental will increase from $250,900 per annum plus GST and outgoings to a minimum of $268,060 per annum plus GST and outgoings, reinforcing the asset’s secure income profile and built in rental growth.
The vendor is a proactive development and investment entity with an established interest in the early education sector. Bayleys agents Ben Clare, Marie Hansen and Phil Haydock are marketing the property, which is for sale by auction on Wednesday 9th September, unless sold prior.
Clare says the long lease is a defining feature of the investment opportunity, providing investors with clarity around future income.
“Long leases are typical in the early education sector because continuity is critical for both operators and those families utilising the service. Investors benefit from that certainty, especially when rental growth is built into the lease.”
He says the lease profile reflects the operational needs of early education providers, who rely on fit-for-purpose facilities to support staffing, learning programmes, and long-term enrolment. This alignment between occupier requirements and investment fundamentals strengthens the case for childcare as a dependable commercial asset.
“Childcare remains strong as an asset class. It is underpinned by consistently high demand for pre-school care across New Zealand, supported by demographic growth, workforce participation, and government funding initiatives that assist families.
“Well-established residential catchments such as Morningside provide a ready-made audience for early education centres, creating a stable operating environment that supports long-term occupancy and reinforces childcare as an enduring asset class for investors across market cycles.”
Morningside has strong transport links, established amenity, and evolving residential intensification. The property is close to St Lukes Shopping Centre and is surrounded by a substantial catchment of young families, townhouses, and new residential developments.
- Supplied by Bayleys
