Burgess Rawson is delighted to offer to the market, South Perth Early Learning School located at Level 1, 96 Mill Point Road, South Perth WA for sale via Investment Portfolio Auction 173.
+ New 15-year net lease to South Perth Early Learning School to 3039
+ Two further 10-year options to 2059
+ South Perth Early Learning School long term operator with multiple centres across Western Australia
+ Attractive fixed 3.5% annual rent increases
+ Landlord-favourable net leases with the tenant pays all outgoings including land tax and management fees
+ As new inner-city facility, licensed for 80 LDC places
+ Located within a prominent educational precinct, featuring eight schools within a 3-kilometre radius
+ Strategically located within the South Perth Esplanade retail precinct, the area provides a range of retail outlets and services, including the South Shore Shopping Centre. The suburb is predominantly residential, with nearly 99% of its land used for housing.
+ South Perth: a vibrant and highly sought-after riverside suburb of Perth, located just 3 kilometres from the Perth CBD and featuring a median house price of $1,775,000+
+ Child care/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.
+ The 2024-25 Federal Budget has paved the way for positive change and reform in the childcare sector. In addition to this increase in award wages for childcare educators, $650 million will be allocated to workforce qualification and training in the childcare sector over the next four years to further enhance the quality of education and support the future of Australian children.^^^
+ Net Income: $523,000 pa* + GST
For Sale via Portfolio Auction Investment 173
10:30am (AEDT), Wednesday 11 December 2024
River Room, Crown Casino, Melbourne VIC
Please contact the exclusively appointed Burgess Rawson childcare sales team for more information.
Chris Carcione 0415 393 082
Natalie Couper 0413 856 983
Richard Giorgi 0468 697 093
*Approx.
^^^ Australian Government Department of Education
+ https://southperth.wa.gov.au/development/business/business-in-the-city
