20 + 10 + 10 Year Net Lease to 2056 | Leased to Blue Chip Global Tenant

Burgess Rawson is pleased to offer to the market, 29 Morwell Street, Yanchep WA for sale via our Auction Investment Portfolio 157.

This investment has the following key investment highlights:

+ Secure 20 year net lease to Busy Bees to 2036.
+ Two further 10 year options to 2056.
+ Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand.
+ Highly desirable CPI + 1% annual rent increases.
+ Tenant pays 100% of outgoings including land tax.
+ As new 655sqm 96 LDC place childcare centre offering depreciation benefits.
+ High profile 2,071sqm triple frontage corner site strategically positioned opposite both Yanchep Secondary College and the Woolworths-anchored Yanchep Central Shopping Centre, currently undergoing a $22 million expansion incorporating a new Coles.
+ Situated amongst an expansive schooling precinct north from the Perth CBD – 4 schools within a 1.5-kilometre radius.
+Yanchep: one of Western Australia’s fastest growing coastal municipalities located 50 kilometres north from the Perth CBD, with population forecast to increase 293% by 2041.
+ 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: $341,101 pa + GST.

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

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 7 December 2022
Crown Casino – River Room