Invest and develop: Taylor childcare centre on a site with multi-unit DA approval up for sale

There’s always a sense of investor excitement when a childcare centre comes to market, as it’s well understood they represent some of the best assets around.

This one in Taylor sits on a site of more than 4500 square metres and has a checklist that sparks all the investment green lights, more so than many others. But wait, there’s more …

First, there is a long, long lease on the existing childcare centre, with options extending until 2063. The operator is responsible for all running costs.

Second, agent Matthew Winter of Colliers Canberra says the 110-child centre provides a strong income stream.

But, drumroll, here comes the zinger: “The site is also DA approved for a 32-unit residential development on an unused 2268 square metres,” Winter says.

The approval allows for three multi-storey residential buildings with shared basement facilities.

If an investor takes advantage of that, the project development costs could be softened by a steady annual income of around $500,000 (with yearly rent increases) from the childcare centre over, potentially, the next 38 years.

Demand for childcare places and residential dwellings are expected to remain strong over that time.

The other cherry on top is that childcare centres are invariably located within family suburbs. That means land value should increase in line with residential growth.

Contact Colliers

74 - 76 Corkery Crescent, Taylor ACT 2913

-

-

-

View property