A near new child care centre leased to YMCA on a long-term basis is poised to hit the national investment market amidst a flurry of strong early learning investor interest during Q2.
Located at 10 Farm Road, Diggers Rest, this property is being marketed by CBRE’s Australian Healthcare and Social Infrastructure team comprising Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto.
Strategically positioned across 2 street frontages and sitting on over 2,459sqm of land, YMCA pay an annual rental of $284,109p.a* and includes the added appeal of being land tax exempt due to their non-profit operating nature.
Sandro Peluso said “Given both the highly reputable nature of YMCA as a covenant and the substantial growth story associated with Sunbury and Diggers Rest which will see forecast population growth of 50% by 2041, all the fundamentals are in place for a highly successful long term investment proposition.”
Jimmy Tat added “Our team are seeing investors aggressively seeking defensive opportunities, particularly within the early learning sector. The tone for these acquisitions was set in only January of this year with the sale of 30-32 Grey Street, Ringwood and more recently the sale of 2 Whitford Way, Doreen (Story House Early Learning). As a result we are expecting this opportunity to be highly contested.”
Positioned only 5 minutes from Diggers Rest train station and bordering the Diggers Rest primary school and numerous recreational facilities, this property first opened its doors in early 2018 and is permit approved for 104 children.
Related Articles
