Stockland banks $9.3m for childcare centre
Stockland has sold a recently completed childcare centre, part of a $9 billion housing estate, Aura, on the Sunshine Coast.
The Goodstart Early Learning centre at 1 Salwood Lane, Nirimba, traded for $9.27 million.
The buyer is an interstate investor.
The result reflects a 5.29 per cent net passing yield.
It also prices each place at c$70,227.
Stonebridge’s Tom Moreland, Michael Collins, Thomas Proberts and James Fremantle were the agents.
Goodstart Nirimba
Completed last year, 1 Salwood Ln contains 946 square metres, on a 3358 sqm block with 37 car parks (continues below).
It offers 132 places, according to Goodstart which is on a lease expiring in 2040 with fixed 3.5 per cent annual rent rises.
With options, it can stay until 2060.
Aura is master-planned with 20,000 dwellings.
It is expected to house c50,000 residents.
Nirimba is about 18 kilometres north-west of Maroochydore.
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