23 Railway Parade Mount Lawley WA 6050

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 $247,612 per annum plus GST plus outgoings
* 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
$4,000,000 (Going Concern)

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