Investors outlay $45m on childcare centres

Childcare centres worth close to $45 million traded at a bulk auction event today.

The priciest, at Wantirna South in Melbourne’s east – collected $12.77m, reflecting a 4.4 per cent yield.

In the city’s north Pascoe Vale South, a recently completed complex sold for $12.52m, at a 4.36 per cent yield.

Elsewhere in the Victorian capital, a Bulleen investment found favour for $11.35m.

That price reflected a 5.2 per cent yield.

Centres in Bendigo, in regional Victoria and Adelaide (Hallett Cove), also traded – for $6.4m and $1.69m respectively.

Burgess Rawson was the broker.

Vinci Carbone was co-agent on the Pascoe Vale South deal.

The assets were part of a 23-property portfolio offered by Burgess Rawson at Melbourne’s Crown Casino today; 21 sold, including two prior to the event.

Yesterday, 19 assets were auctioned in Brisbane – with 12 selling. One more traded prior to the day.

On Monday, 13 out of 16 properties which went for public sale found buyers. Another three sold prior.

The blended clearance rate was 77 per cent – the total spend was $216.94m.

The lowest yield – 3.43 per cent – was achieved for a Maroubra bottle shop which collected $10.17m.