Burgess Rawson confirms November auction schedule with 12 ECEC sites featuring
Following the new format of three consecutive auctions introduced in September, the November campaign will be held over the 9th, 10th and 11th of the month across Sydney, Brisbane and Melbourne respectively.
“This is the largest line-up of childcare assets we have ever brought to market,” National Head of Agency Adam Thomas said. “ l can comfortably say they are the best childcare investments to hit the market this year.”
“The key attributes that investors are looking for in childcare assets are all there, including long leases of up to 20 years; 3 per cent to 4 per cent annual rent increases; and highly reputable operators. These are well run services and, in many cases, they boast 100 per cent occupancy and extensive wait lists.”
The November auctions will feature a diverse range of sites offered for sale from four different states and tenanted by a mix of high quality ECEC operators and are listed as follows:
Sydney Auction – 9 November
Brisbane Auction – 10 November
Melbourne Auction – 11 November
136 licence place centre in Pascoe Vale South, VIC currently leased to Only About Children
The portfolio follows Burgess Rawson’s September auction events with several record results achieved including an Affinity Education Group operated service at Umina Beach that achieved the lowest yield ever achieved for a childcare asset in NSW, selling for $7.5 million, a yield of 2.99 per cent.
The auctions will be held with bidding available online, via phone or in person at offices not impacted by COVID restrictions.
For further details visit burgessrawson.com.au or call 03 9613 0400.