Burgess Rawson is pleased to offer to the market 121 Moorpark Avenue, Yanchep, WA for sale via Private Sale.
This opportunity has the following key investment highlights:
+ 30 Year net lease to G8 Education Ltd to 2053.
+ G8 Education Ltd (ASX:GEM): Australia's largest ASX-listed childcare provider, educating more than 46,000 children daily across 430+ locations.
+ Annual CPI reviews.
+ Tenant pays all outgoings including land tax and management fees.
+ State-of-the-art childcare centre licenced for 100 LDC places.
+ As new construction offering significant depreciation benefits.
+ Large 3,014sqm site strategically opposite the Yanchep Rise Primary School and within the recently developed Vertex Private Estate, underpinned by 580 allotments.
+Conveniently located in close proximity to ALDI and the Woolworths-anchored Yanchep Central Shopping Centre, as well as the newly expanded Yanchep Village Shopping Centre, boasting a $22 million investment. This expansion includes a brand-new Coles Supermarket and numerous other specialty stores. The area is further enriched by the presence of leading national retailers such as KFC, Hungry Jack's, and McDonald's.
+ Situated within an established education precinct (four schools within 1.8 kilometre radius) servicing more than 1,950 students.
+ Yanchep: one of Western Australia's fastest growing coastal municipalities located 50 kilometres north from the Perth CBD and with a population forecast to increase by 293% by 2041.
+ 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.^^^
+ Net Income: $299,250^ pa + GST.
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
^Estimated as at April 2024
*Approx.
^^^ Australian Government Department of Education
