What’s on offer?

The property: Early childhood centre and cafe. Agency: Colliers International. Sales method: Deadline private treaty closing 4pm May 31.

Kermode says all New Shoots buildings are designed in close consultation with architects, landscape architects, interior designers and early childhood professionals.

“The Cascades Rd centre represents a new benchmark for functionality and sustainability in the early childhood sector.

“The building is fitted out with ample natural light and ventilation, rooftop solar power units, on-site wastewater treatment and finishes with low volatile organic compounds throughout.”

The building has been entered in the upcoming Property Council Awards under both the Education and Green award categories.

Kermode says the early childhood sector is characterised by stability and longevity, with a low rate of building obsolescence.

“Early childhood centres often oc- cupy buildings throughout their full economic life, and there is often considerable business goodwill attached to the premises and related licenses. The benefit to landlords is, that when tenants move out, it is highly likely another will come forward and inherit the existing goodwill of the previous operator.”

Kermode says very few freehold early childhood centre investments come to the market, particularly the secondary market, because they are highly suited to long-term ownership.

O’Brien says Source Cafe will be a place for parents and locals to socialise, relax and catch up with one another.

“The first branch of Source, established in Pakuranga last year, has been very well received,” he says,

“It quickly became a favourite among locals and has attracted customers from further afield.”