+New 15 year net lease to Little Kids Club to 2037.
+One further 10 year option to 2047.
+Little Kids Club: part of Ascolta ELC, a Perth-based operator, with a future network of 6 centres.
+Desirable 3% annual rent increases.
+Tenant pays 100% of all outgoings including: land tax, rates, insurances and management fees.
+Impressive 436sqm purpose-built child care centre, with approval for 64 LDC places.
+Brand new building with significant depreciation benefits.
+Strategic 1,395sqm corner site, situated amongst an established area with further "infill" residential development occurring and within close proximity to both Cockburn and Stock Roads.
+Situated within a significant education precinct (7 primary schools within 2.2 kilometre radius)
+Coogee: popular coastal suburb located only 18 kilometres south from the Perth CBD and 6.4 kilomtres south of Fremantle.
+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 the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+Net Income: $224,040pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino - River Room
*Mitchell Institute, Australian Investment in Education: Early Learning.
