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.
