Burgess Rawson confirms November auction schedule with 12 ECEC sites feature
Burgess Rawson, the early childhood education and care (ECEC) focused real estate and business broker, has confirmed its next series of portfolio auctions will see twelve ECEC sites featuring.
Following the new format of three consecutive auctions introduced in September, the November campaign will be held over the 9th, 10th and 11th of the month across Sydney, Brisbane and Melbourne respectively.
“This is the largest line-up of childcare assets we have ever brought to market,” National Head of Agency Adam Thomas said. “ l can comfortably say they are the best childcare investments to hit the market this year.”
“The key attributes that investors are looking for in childcare assets are all there, including long leases of up to 20 years; 3 per cent to 4 per cent annual rent increases; and highly reputable operators. These are well run services and, in many cases, they boast 100 per cent occupancy and extensive wait lists.”
The November auctions will feature a diverse range of sites offered for sale from three different states and tenanted by a mix of high quality ECEC operators and are listed as follows:
Sydney Auction – 9 November
124 licence place centre in Dubbo, NSW currently leased to Imagine Childcare & Kindergarten
90 licence place centre in Warriewood, NSW currently leased to Owl & the Pussycat Preschool
47 licence place centre in Five Dock, NSW currently leased to Learn & Laugh
101 licence place DA approved development site in Gladesville, NSW
Brisbane Auction – 10 November
104 licence place centre in Marian, QLD currently leased to Petit Early Learning Journey
75 licence place centre in Urangan, QLD currently leased to TG’s Childcare
Childcare development site pre DA in Greenbank, QLD
Melbourne Auction – 11 November
124 licence place centre in Bendigo, VIC currently leased to G8 Education Ltd
30 licence place centre in Hallett Cove, SA currently leased to Global Sky Education
136 licence place centre in Pascoe Vale South, VIC currently leased to Only About Children
38 licence place centre in Wantirna South, VIC currently leased to Advance Childcare
128 licence place centre in Bulleen, VIC currently leased to Kids Club
The portfolio follows Burgess Rawson’s September auction events with several record results achieved including an Affinity Education Group operated service at Umina Beach that achieved the lowest yield ever achieved for a childcare asset in NSW, selling for $7.5 million, a yield of 2.99 per cent.
The auctions will be held with bidding available online, via phone or in person at offices not impacted by COVID restrictions.