Childcare Success Stories
Success, WA
Services Engaged: Sales, Leasing, Asset Management.
Sold: $4,860,000
Yield: 5.55%
Architecturally designed, 87 place single level childcare centre which sold subject to a brand new 15-year lease (plus options) to emerging local operator Sagewood Early Learning
Wollongong, NSW
Services Engaged: Town Planning, Project Sales, Commercial Sales & Commercial Leasing
Places: 72
Total Project Value: $60M
Mixed use building incorporating 126 residential apartments, 3 commercial office/business spaces, 6 retail spaces, gymnasium, pool, outdoor covered cinema, childcare centre and 223 basement parking spaces.
Bibra Lake, WA
Services Engaged: Acquisition, Leasing, Asset Management
Site identification and acquisition and lease precommitment to Treasured Tots Early Learning for a single level 92 place centre. At the construction completion MMJ were appointed as the Asset Manager for the developer.
Champion Lakes, WA
Services Engaged: Leasing and Asset Management
The centre is open and trading, MMJ have been appointed as the Asset Manager for the developer
Shellharbour, NSW
Services Engaged: Town Planning & Commercial Leasing
Places: 118
Total Project Value: $4.95M
Mixed use commercial building including childcare centre, medical centre, 2 retail premises and cafe with associated basement car parking.
Brabham, WA
Services Engaged: Leasing
Lease precommitment to Lex Education for a single level 94 place centre. Due to open in mid 2024.
Kiama Heights, NSW
Services Engaged: Town Planning & Commercial Sales
Places: 112
Total Project Value: $1.93M
Centre Based Childcare Facility located in the Southern end of Kiama Heights.
Eastern Suburbs, WA
Services Engaged: Business Sales
Sold: $1,400,000
49 Place Centre
Byford, WA
Services Engaged: Leasing
Lease Precommitment to high quality local operator for a single level 104 place centre. Due to open late 2025.
Wollongong, NSW
Services Engaged: Business Sale
Places: 23
Hammond Park, WA
Services Engaged: Leasing and Asset Management.
MMJ worked with the developer to secure a lease to precommitment to Buttercups Child Care who are an exceptional WA operator. A single level 72 place centre now trades from the location and MMJ Asset Manage the property on the owners behalf.
Mindarie, WA
Services Engaged: Leasing
Place: 59
Reletting of a former Goodstart Early Learning Centre.
Woodvale, WA
Services Engaged: Site Acquisition and Leasing
Land Price: $1,850,000
Site identification and acquisition and secured leasing precommitment to Sagewood for a 71 place two centre.
Yanchep, WA
Services Engaged: Sale of Asset
Sold: $4,430,000
Yield: 6.5%
Sale of high quality purpose built centre, fully leased to NIDO and following an extensive on market campaign.
Margaret River, WA
Services Engaged: Leasing
Lease Precommitment to a high quality local operator for a single level 63 place centre.
Wandi, WA
Services Engaged: Leasing.
Lease Precommitment to Buttercups Child Care, a high quality local operator. Single level 92 place centre.
Byford, WA
Services Engaged: Sale
Places: 104
Sale with existing precommitment in place for 104 place centre.
Thornlie, WA
Services Engaged: Leasing
Places: 72
Lease precommitment to a high quality local operator for a single level 72 place centre.
Jindalee, WA
Services Engaged: Business Sale
87 place children centre and new lease plus asset managed by MMJ WA.
Ellenbrook, WA
Services Engaged: Business Sale
87 place childcare centre with a new lease and also asset managed was secured in place.
Dapto, NSW
Services Engaged: Commercial Sales
Sold: $1,140,000
The property has a passing rent of $69,390 per annum net plus GST and features a high-quality 166m² indoor childcare area.
Figtree, NSW
Services Engaged: Commercial Sales
Sold: $1,520,000
The 20-place centre is located in a sought-after area and sits on a 556m² land area with a 170m² building.
Wellard, WA
Services Engaged: Commercial Sales
Sold: Under Offer
Places: 64
The property is secured by a brand-new 15-year lease with options, featuring fixed 3% annual rent reviews and market reviews at option periods. The current rent is $233,600 per annum plus GST and outgoings, equating to $3,650 per place plus GST and outgoings. The centre is licensed for 64 places and is fully occupied, with a waitlist in place.