A childcare centre located at 359-361 Chesterville Road, Bentleigh East has sold for $5.6 million to an off-shore investor.

Savills Australia’s Julian Heatherich, Benson Zhou and Mark Stafford brokered the deal saying childcare centres continue to be hot on investors’ radars.

“This is the second sale of a childcare centre this week for Savills Australia, highlighting a thriving market,” Mr Heatherich said.

The brand new 20 year lease is owned and operated by Think Child Care Ltd, one of Australia’s best childcare groups and has further options for extension.

“Buyers are noticing long term lease security from well credentialed tenants with the sale price reflecting $68,000 per place,” he said.