Peak Equities pays $21m for Beaconsfield childcare centre, office

Melbourne syndicate Peak Equities is paying $21 million for the Beaconsfield warehouse converted office and childcare centre.

Peak Equities is paying $21 million for a renovated office and childcare investment in Sydney’s inner-south Beaconsfield.

Vendor Milligan Group offered 20-22 William Street with a rental guarantee covering a commercial tenancy.

The sale price reflects a 6.3 per cent market yield.

The Melbourne syndicate will be able to claim medium term depreciation benefits.

It will be held in a single-asset wholesale fund expected to run between six and eight years, forecasting annual distribution of 7.4pc (story continues below).

The warehouse converted building contains c1100 square metres of A-grade office space over one and a half floors.

A recently created third level 101-place child minding centre is tenanted for 17 years to Green Elephant Early Learning Centre.

Factoring Milligan’s office commitment, 20-22 William St has a 9.7 year Weighted Average Lease Expiry.

JLL’s Dylan McEvoy and Ben Hunter were the agents.

The top floor of 20-22 William Street is a 101-place childcare space leased to Green Elephant Early Learning Centre.
Beaconsfield is about five kilometres south of Sydney.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of