56 Victoria Street St James WA 6102

Burgess Rawson is pleased to offer to the market, 56 Victoria Street, St James (Perth) WA, for sale via our Investment Portfolio Auction 160.

+Renewed Five (5) year lease to HQ Children's House of Learning to 2028
+Four (4) further five (5) year options to 2048
+HQ Children's House of Learning: Long established and successful centre in operation since 1994
+Annual rent increases to the greater of CPI or 3%
+Favourable net lease terms with the tenant paying all outgoings including land tax, rates, insurances and management fees
+Well-maintained childcare centre licensed for 28 LDC places
+Strategically positioned 1,028sqm* site within ease of access of the Albany Highway, a major thoroughfare with 37,000+ passing vehicles daily*
+Situated within a significant education precinct -17 schools within a 3.5km radius including 500m* from Santa Clara Primary School (175+ enrolments).
+Conveniently located 650 metres from Woolworths anchored Bentley Shopping Centre and within close proximity of Westfield Carousel Shopping Centre, Waterford Plaza & Victoria Park Shopping Centre underpinned by national retailers including Myer, Woolworths, Coles, Supa IGA, Kmart and other specialty stores
+Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.
+St James: highly desirable and centrally located family-oriented suburb, located only 7 kilometres from the Perth CBD
+Net Income: $55,000 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne

*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).