Two Melbourne premium child care investments for sale are set to hit the market, just in time to take advantage of the easing of restrictions across Victoria, for sale by Julian Heatherich, Mark Stafford, Benson Zhou of Savills Australia.

The two brand new centres are located in Burwood and Point Cook and are leased to Amiga Montessori, one the best child care providers in the state.

1 Sparks Avenue, Burwood and 18 Wallace Avenue, Point Cook are to be sold separately by Expressions of Interest through Savills Australia, who said more and more investors are turning towards child care investments, as they continue to look for long term, securely leased assets with quality tenants.

The industry in recent times has been boosted by the strong support from the Federal Government, highlighting the importance of the industry. From April 6 2020 the Australian Government provided subsidy and payments to child care centres with at an estimated cost of $1.6 billion.

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According to Julian Heatherich, Director, CBD and Metropolitan Sales at Savills Australia, over the past few months, the child care market has been one of the market’s active and resilient assets classes.

“Despite the headwinds that 2020 has presented across the broader market, there has been continued activity from both child care investors and developers, as the sale of centres and development sites has remained consistent throughout the year. These sales and the prices achieved have highlighted that the asset class remains largely unaffected and in strong demand from both local and offshore investors” he said.

These two brand new centres are being marketed by Julian Heatherich, Mark Stafford, Benson Zhou of Savills Australia and are expected to fetch prices of more than $7,000,000 and $8,600,000 respectively.

Mr Heatherich said that the team continues to receive strong demand for quality investments and these centres should tick a number of crucial requirements for buyers.

“Both of the assets offer a premium opportunity for a range of investors. When you couple up the long term leases and significant depreciation benefits with the current low interest rate climate it is easy to see why these type of assets have been appealing to large buyer demographic in recent times.”

Mark Stafford, Associate Director, CBD and Metropolitan Sales at Savills Australia also commented “Given the lack of quality stock that has been made available in recent times, these two centres are sure to attract strong attention. In particular the quality of the locations and the tenant, who is regarded as one of the best operators in Victoria, will be a significant factor for investors.”

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