A China based investor has paid $8.08 million for a modern childcare centre in Melbourne’s Oakleigh East.
The sale price for 82 Ferntree Gully Road reflects a 5.4 per cent gross passing yield.
The seven year old centre contains 650 square metres of area and is surrounded by 20 car parks.
Sixteen kilometres south east of the city – connecting Chadstone and Clayton – the 1415 sqm block is zoned General Residential (story continues below).
Guardian’s rental agreement expires in 2031 when it can exercise the first of two 10 year options.
“With multiple parties competing during the Forthcoming Sale period, the sale demonstrated the sought-after nature of early learning investments,” CBRE’s Healthcare and Social Infrastructure’s Mr Tat said.
The Ferntree Gully Rd investment is the third in Melbourne – and the priciest – leased to ASX-listed occupier to trade in recent times: last December a 104-place complex at 50-52 Blackburn Rd, Blackburn, found favour for $6.2m, while in late 2017, a Point Cook property at 37-39 Windorah Drive, fetched $6.56m.