Early childhood education and care (ECEC) real estate and business broker Burgess Rawson will present nine freehold child care opportunities at its second winter campaign of the year to be held on the 2nd, 3rd, and 4th of August.
Burgess Rawson’s Head of Agency (Sydney) and Partner, Yosh Mendis said recent interest rate rises have not cooled investor appetite in essential services assets due to the quality of properties being brought to market and the ‘set and forget’ style of investment.
“Market confidence is certainly holding up, evidenced by the 82.5% clearance rate from our June auctions, and we see this continuing in our next event as investors seek certainty from bricks and mortar,” Mr Mendis said.
“Investors are still actively looking to deploy surplus capital into essential services assets and the contest for service stations, childcare centres, medical and government assets remains strong.”
The August portfolio auction list is as follows:
Sydney auction 2 August 2022:
Dubbo, NSW – 130 place centre leased to Hawthorn Street ELC
Mudgee, NSW – 125 place centre to approved provider Beecroft LDC Pty Ltd
Blue Haven, NSW – 74 place centre leased to Affinity Education Group
Mascot, NSW – 86 place centre leased to MindChamps
Melbourne auction 3 August 2022:
Echuca, VIC – 91 place centre leased to Goodstart Early Learning
Waurn Ponds, VIC – 120 place centre leased to Hei Schools
Epping, VIC – 140 place centre leased to Aspire Early Education
Carrum Downs, VIC – 91 place centre lease to Busy Bees Early Learning
Brisbane auction 4 August 2022:
Gordonvale, QLD – 81 place centre leased to Natural Beginnings Early Learning
The August auction event will be held in Sydney at 10.30am, Tuesday 2 August; in Melbourne at 10.30am, Wednesday 3 August; and Brisbane at 10.30am, Thursday 4 August 2022.
Bidding is available via phone, online or in-person at Burgess Rawson’s auction rooms at the Sydney Opera House, Crown Casino Melbourne and the Hilton Brisbane.