$5.215m childcare centre headlines latest Burgess Rawson results
A new and as-yet unopened childcare centre in the regional centre of Dubbo has headlined a strong set of results from Burgess Rawson’s Sydney portfolio auction, with a 77 per cent clearance rate reported on the day.
The Green Leaves Early Learning Centre-tenanted property attracted a protracted bidding war between two parties.
Other highlights include a BP-branded service station in Karuah selling for $2.515 million and the Camperdown Cellars building on Kingston Road selling for $2.275 million.
Full results from the day are listed below.
North Gosford
Price: $1.96 million
Photo: Supplied
The medical centre that has occupied this site since 1995 is on a new five-year lease with options. The corner site is on two titles in a medical precinct between Gosford’s public and private hospitals.
Gosford
Price: $2.2 million
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A modern building in the CBD leased to the NSW government until 2020, with a six-year option to 2026. The site has triple street frontage and is close to the train station.
Morriset
Price: $2.264 million
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Purpose-built in 2005, this modern 59-place childcare centre is on a 10-year lease to 2023 plus options to 2033. The property is in the Newcastle area, about a 90-minute drive from Sydney.
Grafton
Price: $840,000
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The landholding of 11,770 square metres is the district’s major council works depot. The tenant is on a three-year lease, plus two three-year options, and the site has long-term residential potential.
Grafton
Price: $1.84 million
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A subdivisible, modular CBD building with a long-established council occupancy, with the tenant on a new five-year lease, plus two five-year options. The site is close to the town hall and civic amenities.
Camperdown
Price: $2.275 million
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Established liquor store investment on the city fringe. Leased until 2019 to Camperdown Cellars, which has eight stores in Sydney, plus five-year options until 2029.
Glen Innes
Price: $780,000
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The NSW government has been a tenant since 2002 and is on a renewed five-year lease which started in April 2016. The offices, which have been recently extended and refurbished by the tenant, service the local correctional centre.
Cessnock
Price: Passed in $4.68 million
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This new service station investment opened in June 2016. Surrounded by major supermarkets and fast-food retailers, it is leased to 7 Eleven until 2031 with options to 2041.
Batlow
Price: $1.91 million
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A Shell-branded service station on a new 15-year lease, plus a five-year option to 2035, with a newly refurbished convenience store.
Karuah
Price: $2.515 million
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BP is on a 12-year lease to 2027, plus two five-year options, in this newly refurbished service station. There is also a three-bedroom house on the 8500-square-metre site.
Dubbo
Price: $5.215 million
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A brand-new childcare facility on a 20-plus-10-year lease to Green Leaves Early Learning until 2046. The site is 800 metres from two primary schools.
Berry
Price: Pending
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A corner site in the centre of town with a Shell-branded service station on a 10-year lease, plus options to 2040.
Frenchs Forest
Price: Pending
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Technology company Fuji Xerox has just renewed the lease until 2020, plus an option to 2022, on this business park site close to the new Northern Beaches Hospital.
Merimbula
Price: Pending
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A freehold holiday rental property with six units plus a two-storey, four-bedroom residence and a swimming pool. The site allows for possible future strata, subdivision or redevelopment.
North Sydney
Price: $2.599 million
Photo: Supplied
A whole floor of 420 square metres with harbour and district views in a modern, refurbished building. The space has been leased to an accountancy firm for the past 17 years, with a five-plus-five-year net lease from August 2014.
