Accord Property snaps up childcare site for $900,000

PERTH-BASED developer Accord Property has purchased a childcare site within an ASX-listed Peet Masterplanned Estate for $900,000 at 5 Cattle Drive in Caboolture South .

The property, that came with a 2,476sq m* land area, formed part of the ‘Riverbank Estate’ that comprises 1,200* residential lots and over 60ha* of parks.

The asset was marketed and sold by Ray White Special Projects Queensland Directors Andrew Burke and Matthew Fritzsche.

Mr Burke said the campaign was particularly active throughout, given the huge potential the masterplanned estate offered.

“The ‘Riverbank Estate’ will be the place to be, and with many young families buying in the community, a childcare site was very attractive to buyers,” Mr Burke said.

“We’ve sold a number of childcare sites in new estates in emerging community areas and it’s a key component that home occupiers look for.

“Moreton Bay is one of Australia’s fastest growing regions and we had more than 60 enquiries throughout the campaign, that culminated in a total of seven offers, with Perth’s Accord Property sealing the deal for $900,000.”

Mr Fritzsche said the location of the asset and the fact it was close to a wide range of primary and secondary schools was really appealing.

“The proposed centre has a floor area of 754sq m*, 163sq m* of verandas and 609sq m* of outdoor play area,” Mr Fritzsche said.

“It includes a thoughtfully designed L shaped building that contains a connecting foyer, six activity rooms, kitchen, laundry, two sleeping rooms, meeting room, staff room, reception, office, craft store, two combined toilet and change rooms, and a bottle preparation room.

“There will also be a new connection road to provide direct access to the Bruce Highway, set to be complete in 2019.”

*Approximately.