Strategic Childcare Investment in High Growth Location
89 Narran Street, Hilbert WA
Property Highlights
15 + 10 year net lease to 2044
Fixed 3% annual rent increases
1,913 sqm corner site
Description
+ 15 + 10 year net lease to 2044
+ Strategic 1,913 sqm corner site opposite future primary school
+ Desirable 3% annual rent increases
+ Tenant pays all usual outgoings including Land Tax and management fees
+ ‘One of a kind’ caterpillar design child care facility licensed for 87 LDC places
+ New construction with substantial taxation savings benefits
+ City of Armadale: one of Western Australia’s fastest growth areas – forecast population increase of 60% to 151,896 residents by 2041
+ Net Income: $224,025 pa +GST
Sold
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,913 SQM
Building Area
1 SQM