A local investor has picked up a 2,160sq m childcare facility in Aldinga for $2.07 million, highlighting a boom for sturdy investment opportunities in Adelaide’s south.

Savills Australia’s Peter Isaksson and Steve Bobridge brokered the deal for 182 Aldinga Beach Road at a yield of 6.9 percent, and said they received significant interest from a variety of buying groups.

“We received more than 50 enquires throughout the expressions-of-interest campaign and generated attention from both local and offshore buying groups,” Mr Isaksson said.

The centre operates as Kinder Haven, a premium childcare facility licensed for 75 children, which generates a net income total of $145,000 per annum.

Mr Isaksson said the tenant, G8 Education, provided “exceptional” income security, which was the ultimate drawcard for the buyer.

“The well-established tenant has signed a new 10-year lease with a renewal option and annual rental reviews,” he said.

Located 45 kilometres from the Adelaide CBD, the property is in close proximity to the Aldinga Central Shopping Centre, Main South Road and the Southern Expressway.

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