Burgess Rawson marks last auction campaign of 2022 with ten ECEC sites offered

Nov 29, 2022

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Early childhood education and care (ECEC) commercial real estate broker Burgess Rawson’s last three-day portfolio auction event of the year will commence on 6 December, with ten centres across four states offered for sale.

“2022 has been an incredible year for essential service types of assets of which the early childhood education and care (ECEC) sector is a star performer,” Adam Thomas, Burgess Rawson Managing Director Queensland said.

“We are expecting a solid end to the year with concerns about rising interest rates dissipating as the underlying strong fundamentals of the ECEC sector, with quality tenants, strategic locations, long leases, and secure rental returns, continues to attract interest and buyers.” “With ten high quality centres located in premium locations up and down the east coast we are confident that portfolio auction #157 will be another strong signal that demand remains robust.”

December portfolio #157 sites are as follows:

Sydney Auction 6th December 2022:

Wauchope, NSW – 48 place centre leased to TG’s Childcare (223a High Street)

Wauchope, NSW – 48 place centre leased to TG’s Childcare (33b Hasting Street)

Wauchope, NSW – 48 place centre leased to TG’s Childcare (3 Riverbreeze Drive)

Lake Cathie, NSW - 90 place centre leased to Oz Education

Melbourne Auction 7th December 2022:

Sunbury, VIC – 144 place centre leased to Woodlands Early Learning

Corio, VIC – 120 place centre leased to Happy Feet Early Learning

Monee Ponds, VIC – 91 place centre leased to Busy Bees Australia

Prahran, VIC - 42 place centre leased to Guardian Early Learning

Yanchep, WA - 96 place centre leased to Busy Bees Australia

Brisbane Auction 8th December 2022:

Auchenflower, QLD – 75 place centre leased to Eden Academy

Bidding is available via phone, online or in-person at Burgess Rawson’s auction rooms at the Sydney Opera House on December 6, Crown Casino Melbourne on December 7 and the Hilton Brisbane on December 8.

For further details visit burgessrawson.com.au or call 03 9613 0400.

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