RE/MAX commercial real estate specialist Deepen Khagram continues to power through 2021, having settled the sale of the Bribie Island Childcare Centre just weeks after the $2.03 million sale of Sparrow Nest Early Learning in Karana Downs.
The 1,776m2 Bongaree centre sold for $1,815,000.
Bribie Island Childcare Centre has a 15- year lease term and annual reviews. The sale realized a 5.6% yield.
“Assets like this tick all the boxes so are well sought after and don’t last long in the low-interest environment,” he said.
Mr Khagram is widely recognized and respected for his expertise in the sale of service stations.
In a year that delivered uncertainly and adversity for many, he negotiated significant sales over the course of 2020 including a 7 Eleven service station in Burpengary, off-market, for $5.4 million and a 7 Eleven and Coffee Club service station site in Pimpama, off market, for $7.8 million.
A high-profile development site in Gympie Road Kedron settled on 8th March this year for $4.55 million, reaching $1,472 per square metre. The 3,090m2 site has multiple re-development opportunities (STCA).
With such a great reputation for success with service stations, Mr Khagram approaches the marketing of a childcare centre with similar confidence and expertise.
“In the current low interest rate environment, investors are chasing tenanted investments with the long-term leases. Recent market sales have shown the return on investment to be similar in both asset classes.
“Childcare centres, like service stations, are seen as a safe and recession proof asset class because working parents will always need such facilities to take care of their children.”
He says investors are looking for reputable childcare centre operating on long leases of 10 to 15 years-plus, centres with strong annual reviews, and those where the childcare operators are responsible for the outgoings including land tax.
“In order to get the highest and best price, an investor will be seeking assets that have long tenure and located on large parcels of land with commensurate catchment area to support either asset class.
“When an asset is said to be strategically located for the long-term, it will always generate a high selling price.”
The award-winning agent, who featured in the recently released RE/MAX Global Top 100 Commercial Agents, expects the commercial sector to remain resilient in 2021.
“There is a huge demand from investors who have money readily available, or ready access to money, looking to invest immediately, “said Mr Khagram, “It is imperative that I understand each of my client investment mandates and match the appropriate assets to suit the investor.”
Deepen Khagram, RE/MAX U – M. 0409 557 421 E. email@example.com
Lyn Cox, RE/MAX Public Relations – M. + 61 418 793 096
About RE/MAX: From a single office that opened in 1973 in Denver, Colorado, RE/MAX has grown into a global real estate network with more than 134,000 sales associates in more than 110 countries and territories. Its entrepreneurial culture affords its agents and franchisees the flexibility to operate their businesses with great independence