Cooroy, QLD

Childcare

Yield

5.1%

Purchase price

$3.6M

Strategy

Particularly attracted to medical or childcare property. Looking for a long-term lease.

Location

16 LAKE MACDONALD DRIVE, COOROY, QLD 4563

Why this site was chosen:

Long lease (15 years plus options) to a well established operator with over 230 sites nationally.

Negotiation strategy:

These properties typically trade via auction at yield of 4.5% or less. Our goal was to Contract at an attractive fixed price prior to auction and finalise due diligence, going unconditional pre-auction.

Very attractive covenant allowed for profitable “land-banking” of a large site, along a major road, in a suburb with high demographic growth, and minutes away from the very affluent Noosa Shire.

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Cooroy, QLD

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