14 Duncombe Grove Quinns Rocks WA 6030

Burgess Rawson is delighted to offer to the market, 14 Duncombe Grove, Quinns Rocks WA for sale via Investment Portfolio Auction 162

The Property has the following investment highlights:
+ 20 year Triple Net Lease to Chamber Childcare Group (trading as Djinda Dreaming) to 2036.
+ Two further 10-year options to 2056.
+ Chamber Childcare Group: experienced local operator with 13 current locations across WA, successfully operating for over 20 years supporting over 5,000 children per month from Margaret River to Perth.
+ Triple Net Lease: tenant pays 100% of outgoings including: all maintenance (both capital and structural), multiple holding land tax, rates, management fees and insurance
+ Guaranteed growth with annual CPI or fixed 3% increases plus ratchet provisions at market review
+ Purpose-built childcare facility licensed for 72 LDC places
+ Strategically positioned within a significant education precinct (18 schools within a 3km radius)
+ Quinns Rocks: popular coastal suburb only 38 kilometres north from the Perth CBD.
+ City of Wanneroo: One of the fastest growing municipalities in Perth with a resident population of more than 216,450 and anticipated to surge to over 367,775 by 2041 (63.56% increase)
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.^
+ Net Income: $173,693.00 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne