Cushman & Wakefield’s National Investment Sales May portfolio auction will take place in Sydney on Tuesday 22nd May, with five childcare centres across Queensland and New South Wales up for sale. Following the success of auctions in 2017 which produced strong outcomes for vendors, this is the first portfolio of 2018, with a number of other assets for sale via expressions of interest.
Included in the portfolio auction are two Goodstart Early Learning centres situated in Toowoomba and Mount Tamborine, two Brisbane located Sparrow Early Learning centres and an Indigo Early Learning Centre at Forrester’s Beach, on the New South Wales Central Coast. Each of the investments are strengthened via long term 20 and 10 year lease terms and are all strategically located within their respective precincts.
Commenting on the portfolio, Michael Collins, Cushman & Wakefield’s National Director of Investment Sales said “the childcare sector is continuing to be one of the most sought after asset classes." With 1.28 million children in 18,000 centres across Australia, the Federal Government has placed an emphasis on the ‘essential service’ and will contribute over $10 billion in subsidies by 2021. This government investment, coupled with the favourable long term and landlord friendly lease structures is continuing to drive demand for these freehold investments.
Other assets in the investment portfolio include three South East Queensland service stations and two retail assets. A Caltex on the Gold Coast, a 7 Eleven in the Brisbane suburb of Taigum and a BP in Ipswich are available to purchase via an expressions of interest campaign due to close on Thursday 24th May. The Caltex centre (pictured below) is located in Nerang and also has secure 10 and 5 year leases to Zambrero’s and Sunshine Kebabs while 7Eleven is located in Taigum, Brisbane on a high profile, 2,876sqm site adjacent to Coles and Aldi.
“We are beginning to witness a change of the service station as we know it. Petrol stations are morphing into convenience retail outlets and the major fuel retailers aren’t hiding the fact that the traditional petrol model is fast changing to become more aligned with offering convenience based products and being more than just a petrol station. With significant vehicular traffic passing each of the three sites on offer, each of them fit this criteria and are great opportunities for the savvy investor.”
The auction will be held at Cushman & Wakefield’s Sydney office at 10:30am on Tuesday 22 May with remote bidding facilities available in Brisbane and Melbourne. The auctions will be conducted by renowned auctioneer Damian Cooley, of Cooley Auctions.
To view the full portfolio of properties click here.
Sydney Live Auction – Tuesday 22 May 10:30am AEDT
Cushman & Wakefield Level 22, 1 O’Connell Street, Sydney
Melbourne Remote Bidding Facilities - Tuesday 22 May 10:30am AEDT
Cushman & Wakefield Level 9, 385 Bourke Street, Melbourne
Brisbane Remote Bidding Facilities - Tuesday 22 May 10:30am AEDT
Cushman & Wakefield Level 11, 123 Eagle Street, Brisbane