Burgess Rawson is pleased to offer to market 'Discovery at Play ELC' located at 5 Minion Court, Vasse WA for sale via Private Treaty.
The property has the following key investment highlights:
+ Extended Fifteen (15) year net lease to Discovery at Play ELC to 2034.
+ One (1) further Ten (10) year option to 2044.
+ Discovery At Play: bespoke and boutique WA childcare operator, with a growing network of three locations in the states Southwest. (1)
+ Proven childcare operator as former owners of one of Perth's most celebrated childcare groups.
+ Fixed 3% annual rent increases, assuring income growth.
+ Investor preferred net lease terms with the tenant responsible for all outgoings including land tax and management fees.
+ Immaculate 77 LDC place childcare centre rated as 'Exceeding' under the National Quality Standards (NQS).
+ As new construction offering strong depreciation benefits, with 35% of the first years rent potentially tax free. (2)
+ Situated in significant schooling precinct 2 schools within 350m* that combine to service 1,880 full-time students.
+ Strategic 1,737sqm* Urban Development zoned freehold landholding with access to ample on-site car parking spaces.
+ Prime location in the heart of Vasse town centre, anchored by Coles, Liquorland, McDonald's, Vasse Medical Centre, and the newly developed Vasse Village Bunbury Farmers Market (set to open Dec 2024).
+ Vasse Estate: Anticipated for full completion by 2035, the meticulously planned $1.28B estate will be home to more than 6,500 residents, support over 3,600 jobs, + and generate $575 million in annual gross value add (GVA). (3)
+ City of Busselton: home to 41,000+ residents and forms as part of WA's South West region, with an annual economic output of $6.6B. (4)
+ South West Region: the most populated region of WA outside Perth, home to 197,587 residents, supporting 90,407 jobs and has an annual economic output of $42.19B. (4)
+ Net Income: $249,012 pa* + GST.
For Sale via Private Treaty.
1 Discovery At Play
2 J Mathew Advisory
3 Vasse Estate
4 REMPlan
