After record run Burgess Rawson confirms final auctions of 2021 with 13 ECEC centres on offer
Burgess Rawson, the early childhood education and care (ECEC) focused real estate and business broker, has confirmed its final series of portfolio auctions for 2021 will be held in December after records fell at its two prior auctions in November and September.
“Investors’ hunger for high-quality commercial investments is unabated,” said Mr Thomas, “Year to date, Burgess Rawson has sold 442 properties for more than $1.5 billion. That is an incredible number of transactions.”
He added that savvy investors will always seek out essential service tenants that continue to thrive and survive during unpredictable conditions.
“Childcare has been a clear example of this. Quality tenants, strategic locations, long leases and secure rental returns prove highly desirable.”
Demand is expected to be high for the thirteen ECEC assets on offer with a large number of underbidders from Burgess Rawson’s November portfolio scheduled to participate alongside new entrants to the market.
Sydney Auction – 14 December
Artarmon, NSW – 149 licence place centre leased to G8 Education
Frenchs Forest, NSW – 94 licence place centre leased to MindChamps
Hurstville, NSW – 36 licence place centre leased to Bridge St Kids
Kellyville Ridge, NSW – 58 licence place centre leased to Kellyville Ridge Preschool and LDC
Turramurra, NSW – 49 licence place centre leased to G8 Education
Brisbane Auction – 16 December
Buderim, QLD – 75 licence place centre leased to Sparrow Early Learning
Deception Bay, QLD – 118 licence place centre leased to Day One ELC
Melbourne Auction – 15 December
Brunswick West, VIC – 134 licence place centre leased to Only About Children
Hadfield, VIC – 126 licence place centre leased to Advance Childcare
Huntfield Heights, SA – 75 licence place centre leased to Huntfield Heights Early Learning
Mill Park, VIC – 124 licence place centre leased to G8 Education
Tarneit, VIC – 122 licence place centre leased to Aspire Early Education
Torquay, VIC – 141 licence place centre leased to Child’s Play Early Learning
The December portfolio auctions follows Burgess Rawson’s November campaign that saw four outright records achieved with lowest ever yields of 4.99 per cent in South Australia, 4.84 per cent in regional Queensland, 4.69 per cent in Brisbane and 4.36 per cent for a centre priced at more than $10 million in metro Melbourne.
“This portfolio shows the depth of the market with a diverse mix of asset types, locations and price points,” and Mr Thomas. “I expect we will see great competition for both metropolitan and regional locations along the eastern seaboard.”
The auctions will be held with bidding available online, via phone or in person at offices not impacted by COVID restrictions in Sydney at the Sydney Opera House on 14 December; Melbourne at the Crown Casino on 15 December and Brisbane at the Hilton Brisbane on 16 December.
For further details visit burgessrawson.com.au or call 03 9613 0400.