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Brand New Childcare Investment | Secure 15 Year Net Lease to 2036

58 Botany Parade , Hammond Park WA

Property Highlights

15 + 10 + 10 Year Net Lease to 2056
Fixed 3% annual rent increases
Strategic 1,883 sqm island site
Register to Bid

Description

+ 15 year net lease to Buttercups Childcare & Early Learning to 2036.
+ Two further 10 year options to 2056.
+ Buttercups Childcare & early Learning: experienced early education provider with four Perth locations.
+ Fixed 3% annual rent increases.
+ Tenant pays all outgoings, including single holding land tax.
+ Impressive child care facility, licensed for 81 LDC places.
+ New construction with significant depreciation benefits.
+ Strategic 1,883sqm ‘island’ site opposite Botany Park and 250 metres from Hammond Park Primary School (830 students).
+ Excellent access to major transport links including Aubin Grove Train Station (105m), the Kwinana Freeway and only 23 kilometres 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. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $225,500 pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Thursday 30 September 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
1,883 SQM
Building Area
470 SQM

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