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23 Railway Parade
Mount Lawley WA 6050
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23 Railway Parade Mount Lawley WA 6050

  • Other
  • 989 m²
  • For Sale, $3,950,000 (GST na) (under offer)

CBD Fringe Child Care Centre For Sale ~ 6.5% Yield

    MMJ Real Estate (WA) as exclusive agents are pleased to offer to the market for sale by private treaty, 23 Railway Parade, Mt Lawley.

    Key Highlights for this investment:
    * Licensed for 71 places
    * Trades as KinderPark ELC
    * Tenant is Lex Education Group (private WA company with 14+ centres trading under multiple brands)
    * Land Area: 989 square metres
    * Zoned 'Business'
    * Current passing rent is $255,040 per annum plus GST plus outgoings (as at 01/03/25)
    * Brand new 10 year + 5 year + 5 year lease commenced 1st March 2024
    * Rent reviews annually to fixed 3.0%, market rent reviews each 5 years and a ratchet clause applies
    * All normal outgoings including land tax and management fees are recoverable from the tenant
    * Premium corner position at the intersection of Railway Parade & Park Street
    * Offered for sale significantly below replacement cost
    * Strong underlying land value
    * Excellent location with high barriers to end
    * An opportunity not to be missed.

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

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

    MMJ Real Estate
    MMJ Real Estate
    Level 2, 5 Mill Street
    Perth, WA 6000

    Property Highlights

    Floor AreaAsk Agent
    Land Area989 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019341320
    Category
     Other
     Medical / Consulting
    Last updated  4 Mar 2025
    Map for 23 Railway Parade Mount Lawley WA 6050

    Nearest transport* to 23 Railway Parade Mount Lawley WA 6050

    Bus
    Train
    Tram
    Ferry
    Guildford Rd Before Park Rd65 m
    Guildford Rd After West Pde88 m
    Guildford Rd After Whatley Cr221 m
    Guildford Rd After Stanley St267 m
    Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
     *Within a 4km radius
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    nbn® Fibre to the Premises (FTTP) is available in this property
    Max wholesale speed tier available: nbn® Fibre to the Premises
    MMJ Real Estate
    MMJ Real Estate
    Level 2, 5 Mill Street
    Perth, WA 6000

    Property Highlights

    Floor AreaAsk Agent
    Land Area989 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019341320
    Category
     Other
     Medical / Consulting
    Last updated  4 Mar 2025

    Listed by

    Chris Geers
    Chris Geers
    MMJ Real Estate
    Call
    0410 493 057

    Enquire about this property

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              More about 23 Railway Parade Mount Lawley WA 6050

              23 Railway Parade Mount Lawley WA 6050 is categorized as Other Property. It has a land area of 989 m². The listing ID for this property is 2019341320.

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