130 Wittenoom Road High Wycombe WA 6057

MMJ Real Estate (WA) as exclusive agents are pleased to offer to the market for sale by private treaty, 130 Wittenoom Road, High Wycombe.

Key highlights for this investment:
* Licensed for 78 places
* Trades as Kids HQ (privately owned WA business with a number of childcare and outside school hours care businesses in WA)
* Land Area: 1,150 square metres
* Current passing rent is $241,350 per annum plus GST plus outgoings
* A new 10 year + 5 year + 5 year lease was entered into from 1 May 2023
* Rent reviews annually to fixed 3.0%
* All normal outgoings including land tax and management fees are recoverable from the tenant
* Purpose built two level centre
* A number of upgrade works were completed by the landlord as part of the new lease including installation of an upper floor mezzanine deck and upgraded playground to lower area
* Strong trading history of 85% + occupancy

For Sale by Private Treaty
$3,950,000 (Going Concern)

To arrange an inspection or for further details please contact Chris Geers.