News

Private childcare operator snaps up inner city development site

A highly sought-after, development approved, childcare centre site in Yeronga was sold to a private boutique childcare operator.

The 2275sqm site located at 11-15 Querrin St sold for a price in the early $3 millions.

Jose Rojas from Ray White Commercial QLD introduced the purchaser following an off-market approach.

The childcare centre development site has development approval for 90 places.

Mr. Rojas said there had been strong interest in the property due to the location, only 250m from Yeronga State School and only 7km southwest to Brisbane CBD.

 “The proximity to the schools, its position within a strong residential catchment and limited supply of inner-city childcare approved sites made it quite attractive for this particular operator,” he said.

“We see an increase in demand and competition for shovel-ready approved childcare centre sites, due to short supply and the strength of this sector following the pandemic.”

Mr. Rojas said there was a lot of interest in the site both on and off-market, with the buyers paying a premium price to secure it before an on-market campaign.

“They were quite aggressive in their acquisition, due to current market conditions,” he said.

“Given the buyer’s a boutique childcare operator, they were actively searching for a foothold in the Inner South catchment; in their opinion, the site would reward the acquisition price and capital spent on it.”

DOWNLOAD IMAGES

Contact: 

Jose Rojas

Metropolitan Markets – Ray White Commercial QLD

0431 245 598

jose.rojas@raywhite.com

Media contact: 

Cassandra Glover

Media advisor – Ray White Group

0447 000 472

cglover@raywhite.com

Up to Date

Latest News

  • John Dwyer Celebrates 10 Years at Ray White Commercial QLD

    John pictured with Ray White Group Managing Director Dan White Earlier this year John Dwyer marked 10 years at Ray White Commercial QLD. John, or JD as he is affectionately known to the team, has over 40 years of experience in commercial real estate. From sales and leasing to … Read more

    Read Full Post

  • Green energy stimulates Australian regional property markets

    As Australia heads towards net zero emissions by 2050 the push towards green energy has advanced many renewable energy projects across the country. Regional Australia has already benefited from this increased demand resulting in strong gains in employment, population growth, and in turn residential rents and prices have seen upward … Read more

    Read Full Post