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Strong Trading Childcare Investment

31 Amelia Street, Balcatta WA

Property Highlights

15 Year Net lease + options to 2065
Fixed 3% annual rent increases
Strong underlying occupancy of 90%+
Register to Bid

Description

+ New 15 year net lease to Nido Early Learning to 2035
+ Three further 10 year options to 2065
+ Nido Early School: Operated and managed by Think Childcare under their premium brand with a network of 78 centres nationally
+ Tenant pays all outgoings including land tax & management fees
+ Desirable fixed 3% annual rent increases
+ Impressive 546 sqm purpose-built educational child care facility, licensed for 72 LDC
+ Strong underlying occupancy of 85%+
+ Prime 1,673 sqm corner site, directly opposite West Balcatta Primary School and Balcatta Senior High School
+ Strategically positioned within easy access to major transport links including the Mitchell Freeway, Erindale Road, Karrinup Road, Wanneroo Road only 10 km from the Perth CBD
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year
+ Net Income: $216,000 pa + GST and Outgoings

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,673 SQM
Building Area
570 SQM

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