Mackay childcare centre trades at 5.8pc yield
An Imagine Childcare and Kindergarten backed essential services investment in Mackay’s north Andergrove has sold.
The $6.45 million result for 6 Cutler Drive reflects a 5.79 per cent net passing yield.
On 2749 square metres near an Aldi supermarket, the property is subect to a 15 year lease.
CBE’s Josh Scapolan, Fin Hume and Tom Lawrence were the agents (continues below).
“The result reflects the quality of the real estate, depreciation benefits and investor appetite for secure, long-term childcare investments,” they said.
Andergrove is about five kilometres from town.
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