Childcare - Development

Discussion in 'Development' started by Greyghost, 9th Oct, 2020.

Join Australia's most dynamic and respected property investment community
  1. Greyghost

    Greyghost Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,635
    Location:
    Brisbane
    Good Afternoon All,

    After a few year hiatus, I am back on PC.

    Question. Does anyone here have/had experience in building a childcare centre?
    Not retrofitting a resi property, but commercial builds.
    I understand the financing aspects.
    We have secured a site with plans and permits, quotes are currently being obtained for the build.
    I am curious if there are any 'back of the envelope' calculations used as a rule of thumb.
    Eg, Build cost per approved place or build cost per sqm of internal space + X for car parking per sqm etc etc.

    I have my own estimate and budget, but just curious to find out from those more experienced in the commercial space.

    Warm regards
    GG
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,256
    Location:
    Sydney or NSW or Australia
  3. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,357
    Location:
    Perth
    single storey or double? Some day care centres get very $$$ if they have basement parking plus 2 storeys vs a single storey tilt concrete. Who is doing the playground equipment - cos there is another $150-200k depending on the size.

    In WA it's about $2250 psqm for single level concrete tilt panel for the building.
     
    Scaphella likes this.
  4. Pier1

    Pier1 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    487
    Location:
    Traveling In Time
    How long is a piece of string.........
    But about 45k per kid commercial build
     
    Last edited by a moderator: 12th Oct, 2020