waterlea childcare
The childcare centre can cater for up to 136 children. Image Supplied.
  • 136-place childcare centre is located at the front at of the Waterlea residential estate
  • Peak Equities paid $5.2 million for the facility
  • Sales campaign received over 40 enquiries

A 136-place childcare centre located at the entrance of the Waterlea residential estate has been sold to a Melbourne-based syndicator.

Peak Equities paid $5.2 million for the facility at 7001 Muller Road, Walloon.

The sales campaign – which attracted over 40 enquiries – was managed by Darren Collins and Sebastian Fahey of CBRE

Mr Collins said the sale highlights investors confidence in the sector.

“Investor confidence in childcare-tenanted assets has remained high due to government support for the sector during the early stages of the COVID 19 pandemic.”

“Across the board, we’re continuing to field strong local and interstate investor interest in well-leased commercial property investment opportunities in identified Queensland growth corridors.”

Darren Collins, CBRE

CBRE was also responsible for the sale of developer Wild Mint Group’s ‘The Markets’ Flagstone integrated retail, fuel and medical centre, which is located near the childcare centre, highlighting the growth surrounding the emerging area.

“The area’s growth prospects coupled with the property’s strong 15-year tenancy covenant were key drivers of buyer interest, with LEAD operating 17 market-leading childcare centres across Queensland.”

Sebastian Fahey, CBRE

Once fully completed, the Waterlea residential estate – located near RAAF Base Amberley – will comprise approximately 2,000 homes.

Adjacent to the childcare centre is the Market Hall retail facility, whose sales campaign will also be managed by Mr Fahey.

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