Burgess Rawson is pleased to offer to the market Little Kindy located at 40 Collick Street, Hilton (Fremantle) WA for sale via our Investment Portfolio Auction 162.
This opportunity has the following key investment highlights:
+ New 15 year net lease to Little Kindy to 2038
+ One further 10 year options to 2048
+ Little Kindy: experienced national operator with 9 current centres plus a further five opening soon
+ Desirable 3% annual rent increases
+ Tenant pays all outgoings including land tax, rates, insurances and management fees
+ Immaculate centre licensed for 63 LDC places
+ Refurbished building with purpose-built extension, offering significant depreciation benefits
+ Positioned in a desirable schooling catchment and close proximity to three schools, all within 700 metres*
+ Strategic location close to national tenants including Bunnings, McDonald's, 7-Eleven, Subway, Supercheap Auto, and a newly constructed Coles, all within 1.1km*
+ 1,500sqm* corner site, conveniently positioned metres from South Street, a major arterial providing direct access to the Fremantle CBD
+ Hilton: family-oriented suburb of the City of Fremantle with excellent access to key retail, commercial and transport amenities, and located only 13km* from the Perth CBD
+ City of Fremantle: Western Australia's most visited tourist destination outside of the Perth CBD, the City of Fremantle attracts over 1.2 million national and international tourists each year** and home to the $270 million Walyalup Koorot Renewal Project, the largest public-private infrastructure project in Fremantle's history, with the creation of over 16,000sqm of retail space and 30,000sqm of office space***
+ 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: $201,600 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
** Fremantle GOV
*** Walyalup Koort
^Australian Government - Department of Education | Child Care Subsidy Reform
