ECEC freehold demand continues to shine as Burgess Rawson latest auctions see five centres sold
Property
ECEC freehold demand continues to shine as Burgess Rawson latest auctions see five centres sold
Jul 01, 2022
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Early childhood education and care (ECEC) real estate and business broker Burgess Rawson has completed its latest auction campaign in which five centres were sold for a combined total of $26.56 million and an average yield of 5.17 per cent.
Adam Thomas, Managing Director QLD and Partner at Burgess Rawson, said “We are very pleased with the performance of the child care sites presented.”
“Despite interest rates creeping higher and a general sense of uncertainty regarding the economic trajectory of Australia over the next twelve months we are still seeing strong interest for long lease, low risk assets with sound tenants.”
“This campaign was particularly notable because we had centres from four different states and all of them were well bid for and ultimately sold which signals to us the market is still in good shape.”
Auction results for this campaign were as follows:
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Port Macquarie, NSW - 104 place centre leased to Smartland Boutique Early Learning sold for $6.245 million at a yield of 5.30 per cent
