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Posted:
2017-04-13 00:00:00
Original link:
http://www.savills.com.au/_news/newsitem.aspx?intSitePageId=109969&intNewsSitePageId=152499-0&intNewsMonth=4&intNewsYear=2017
ST Family Trust, a private investment company, has purchased a childcare centre at 89 Anderson Road, Smeaton Grange from a private investor for $7 million on a 5.45 percent yield.
The 2,429sq m site is leased to Young Academics on a 20 year lease and is licensed for 107 children and offers 23 car spaces. The property is approximately 45km south-west of the Sydney CBD and approximately 20km south west of the Liverpool CBD.
The deal was negotiated by Robert Lowe of Savills Metropolitan and Regional Sales who said this is the only childcare centre operating in Smeaton Grange and received a lot of buyer interest with over 100 enquiries and four offers prior to auction.