CBRE’s Healthcare and Social Infrastructure team have listed 2B Forum Way, Epping. Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto have now specialized in early learning sales for over 6 years.
The property located in one of Melbourne’s most high-growth and diverse areas is expected to attract both domestic and international interest with steady population growth forecast, solid lease options and income sitting at a rate well below market levels allowing major upside in the medium term.
As an existing development, investors will be sure to take note of the national rise in construction costs which has increased appetite for properties such as this. Sandro Peluso says, “With uncertainty in the markets, the childcare sector has stayed remarkably strong. Parents are doing their best to get back into work at least 3-4 days a week and with heavy government subsidies, investors are understanding that childcare is a very strong and secure investment to have within their portfolio.”
Whilst the childcare industry is backed heavily by both state and federal governments, this doesn’t look like it will be changing regardless of which political party triumphs in the upcoming election, and it is a known fact that governments will continue to support and subsidize the childcare industry so that parents can get make into the office. This has been identified as a key factor in making sure the economy recovers after numerous COVID lockdowns.
Jimmy Tat says, “With yields ranging anywhere from 4.25-5%, many investors both domestic and international are keen to explore opportunities such as this which completely bypass construction and planning costs. Childcare centres with this level of location and build quality are extremely rare to the market and we expect to see increased interest in the property due to these factors. With investors looking to diversify their portfolios with safe and secure investments the childcare industry certainly ticks all the boxes and a young, growing population such as what we see in the Epping area has the perfect recipe for a successful investment decision.”
2B Forum Way, Epping will be sold via Expressions of Interest closing Tuesday 21st June 2022 at 3:00PM (AEST).