"Triple net" investment property is one of several assets sold by Colliers International’s Adelaide-based Investment Services team in past three months
A childcare centre at Aldinga Beach has sold for circa $1.6million prior to auction, demonstrating sustained demand for high-quality investment-grade assets in the increasingly popular Adelaide metropolitan region.
Colliers International’s Oliver Totani and Tom Isaksson negotiated the sale at circa $3,400 per sqm on behalf of a private vendor.
The 1,922sqm property at 64-68 Quinliven Road is leased to ASX-listed Think Childcare for 15 years from November 2007, with two five-year options to renew.
“The ultimate buyer was attracted to the asset due to the strong lease covenant in place,” Mr Totani said. “They wanted to capitalise on the burgeoning southern location.”
In a separate deal, Colliers International’s Paul Van Reesema and Alistair Mackie have sold a two-level office building at 103-105 Waymouth Street, Adelaide for $2.525million.
The contemporary CBD property was offered for sale with vacant possession and appealed to investors, developers and owner-occupiers.
“Boutique office buildings of this kind, in the heart of Adelaide’s CBD, are tightly held assets so when they come to market there is always a huge amount of interest,” Mr Mackie said.
“The prime corner site was particularly attractive to the purchaser due to its development potential and proximity to quality local amenity like cafes, shops and plenty of parking.”