Sale shows childcare centres remain asset of choice for Victorian investors
Contact
Apr 29, 2019
Sale shows childcare centres remain asset of choice for Victorian investors
The off-market sale of a new Ballarat childcare centre highlights the strong demand for income-producing assets with long-term leases in Victoria, according to Savills Australia.
-
Savills AustraliaThe childcare centre at 2 Mia Street, Alfredton.
A new Ballarat childcare centre, leased to Beginnings Early Learners, has sold for $4.7million, seven days after being listed with Savills Australia.
CBD and Metropolitan Sales agent, Mark Stafford, brokered the off-market deal for 2 Mia Street, Alfredton, following a failed expressions-of-interest campaign with a competitor agency.
Mr Stafford said the sale price represented a 7.46 per cent yield and a rate of $36,154 per place.
“Savills was able to act swiftly for our vendor, with the property being snapped up by a local investor attracted by the high-growth location, strong rental yield and brand new building,” he said.
“The deal highlights the strong demand we’re experiencing for income-producing assets with long-term leases.”
The transaction comes on the back of Savills recent sale of a childcare centre at 17 Station Street, Pakenham, which sold with a six-day settlement.
Colliers International also announced this week that a near-new childcare centre in Lithgow had sold prior to auction for $3.4 million.
The site at 88 Landa Street, Bowenfels was leased to Gowrie NSW.
Similar to this:
CBRE Premium Property Portfolio Auction to feature $50,000,000 in commercial real estate
New centres for sale as childcare sector continues resurgence
Important Information:
Contact details:
Mark Stafford
JLL
+61404 401 053
Email
8116
6676
Mark Stafford
