Stonebridge Property Group has sold Hatchlings Early Learning Rochedale South in Brisbane’s south-east for $5,000,000 prior to auction, with the freehold acquired by an international private investor.
The sale of 19 Beverley Avenue, Rochedale South, was brokered by Tom Moreland, Michael Collins, Thomas Proberts and James Freemantle of Stonebridge Property Group as part of the October National Portfolio campaign.
The 90-place childcare centre occupies a 1,804 sqm* corner landholding, 16 km from the Brisbane CBD and 3 mins to the Pacific Motorway. Rochedale South continues to attract new residents, with more than 1,285 new homes planned across the surrounding catchment.
The centre is leased to an operator with more than 17 years’ experience in early learning on a net lease to 2039, with options extending to 2054, providing the purchaser with long-term income security as the catchment expands.
Tom Moreland, Partner at Stonebridge, commented: “Offshore investors continue to see Australian commercial property as a secure place to deploy capital, backed by long-term leases and sustained population growth. That capital is now reaching well beyond prime inner-city locations, with suburban growth markets firmly on the radar of investors both locally and offshore.”
Thomas Proberts, Associate Director at Stonebridge, added: “Purchasers are approaching opportunities with greater conviction, and that confidence is increasingly reflected in the timing of their offers. Centres with strong fundamentals and substantial landholdings are becoming harder to find across Brisbane’s metropolitan suburbs, and buyers are placing significant value on them, hence the buyer presenting an attractive offer prior to Auction.”
The sale reinforces Stonebridge Property Group’s position as a market leader in Australian childcare and early learning investment sales, with its National Portfolio team transacting more than 55 childcare centres nationally worth over $343 million in the past 12 months.
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