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)

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

Level 2, 5 Mill Street

Perth, WA 6000

Property Highlights

Floor Area	Ask Agent
Land Area	989 m²
Parking	On site parking available
Building Type	Whole building
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019341320
Category	Other Medical / Consulting
Last updated

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 Rd	65 m
Guildford Rd After West Pde	88 m
Guildford Rd After Whatley Cr	221 m
Guildford Rd After Stanley St	267 m

Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.

*Within a 4km radius

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Max wholesale speed tier available: nbn® Fibre to the Premises

MMJ Real Estate

Level 2, 5 Mill Street

Perth, WA 6000

Property Highlights

Floor Area	Ask Agent
Land Area	989 m²
Parking	On site parking available
Building Type	Whole building
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019341320
Category	Other Medical / Consulting
Last updated

Listed by

Chris Geers

MMJ Real Estate

Call

0410 493 057

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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