Brand New Childcare Investment | 15 Year Net Lease to 2038 + Option

Burgess Rawson is pleased to offer to the market, 13 Strelitzia Avenue, Forrestfield WA for sale via our Investment Portfolio Auction 160.

This opportunity has the following key investment highlights:

+ New 15 year net lease to Lex Education to 2038.
+ One further 10 year option to 2048.
+ Lex Education: experienced local operator with 10 current locations plus four further locations to open soon.
+ Fixed 3% annual rent increases.
+ Tenant pays all outgoings including land tax and management fees.
+ Impressive 468sqm* child care centre with approval for 69 LDC places.
+ New construction with significant depreciation benefits.
+ Large 1,928sqm* site strategically positioned opposite Hawaiian’s Forrestfield Shopping Centre anchored by Coles, Woolworths, and 50+ specialty retailers.
+ Located within a significant schooling precinct, metres from Forrestfield & Woodlupine Primary Schools, and within close proximity to Dawson Park Primary
School, Darling Range Sport College, Hillside Christian College & Heritage College.
+ Forrestfield: affordable family-orientated suburb with excellent access to key retail, commercial and transport amenities, and located only 15 kilometres from
Perth CBD.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing
record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^^^.
+ Net Income: $213,900 pa* + GST.

*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne