We are delighted to announce that we have recently sold this brand new, DA approved childcare centre which is set to open its doors in January 2016 and will be home for 90 children. The property sold as a leased investment to two private investors with whom we have been working with for well over 12 months and are “delighted” to have secured this premises located in the prestigious Collins on Bourke development. Our long term clients and vendors, who still retain ownership of many suites within this development were extremely happy with the result given the sale set a new benchmark for the larger suites of $6,291/m2.

Developed by HSF Property Developments, this A-grade, state-of-the-art 21,500sqm (approx) building has been designed to cater to an exciting mix of retail, light industrial and commercial businesses within the commercial hub of South Sydney. Collins on Bourke provides an envious mix of spaces that has attracted a number of key tenants including Australia’s leading wine merchants Samuel Smith & Son (Yalumba), Pacific Brands (Bonds), Panasonic, Suntory and Fitness Australia.

Sales Analysis*
Sale Price:$7,550,000
Tenure:Leased Investment
Vendor:HSF Property Developments
Purchaser:Private Investor
Lessee:Childcare Operator, Hamilton Simmons (QLD) Pty Ltd
Lease Term:10 years
Option:10 years + 10 years
Annual Rental:$456,000pa ex GST*
Outgoings:Paid by tenant, estimated at $55/m² pa*
Annual Increases:3.5%
Tenancy Area:Circa 1,200m²*
Passing Yield:6%
 
Sales Process 
Sale Date:November 2015
Sale Type:Off Market / Private Treaty
*Approximate