Ballarat sale shows childcare centres remain asset of choice for investors across Victoria

Ballarat sale shows childcare centres remain asset of choice for investors across Victoria
Ballarat sale shows childcare centres remain asset of choice for investors across Victoria

A new Ballarat child care centre, leased to Beginnings Early Learners, has sold for $4.7million, seven days after being listed with Savills Australia. 

CBD & Metropolitan sales agent, Mark Stafford, brokered the off-market deal for 2 Mia Street, Alfredton, following a failed expressions-of-interest campaign with a competitor agency.  

Mr Stafford said the sale price represented a 7.46 per cent yield.

It reflected a rate of $36,154 per place.  

“Savills was able to act swiftly for our vendor, with the property being snapped up by a local investor attracted by the high-growth location, strong rental yield and brand new building,” Stafford said. 

“The deal highlights the strong demand we’re experiencing for income-producing assets with long-term leases.” 

The transaction comes on the back of Savills recent sale of a childcare centre at 17 Station Street, Pakenham, which sold with a six-day settlement.

Tags: 
Ballarat Childcare

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