3 Kenby Chase Wandi WA 6167

+Fifteen (15) Year Net Lease to Buttercups Childcare & Early Learning to 2035.
+Two (2) further Ten (10) year options to 2055.
+Buttercups Child Care & Early Learning: experienced early education provider with four Perth locations.
+Tenant pays all usual outgoings including land tax and management fees.
+Desirable 3% fixed annual rent increases.
+Purpose- built centre, licensed for 102 LDC places.
+As new construction with significant depreciation benefits.
+Strategic 2,615sqm* site approximately 1 kilometre* from Honeywood Primary School.
+Excellent access to major transport links including Aubin Grove Train Station ($105m), Kwinana Train Station, Kwinana Freeway and only 31kms* from the Perth CBD.
+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: $304,674pa* + GST.

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 30th March 2022
Crown Casino - River Room

*All areas and figures are approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
**Mitchell Institute, Australian Investment in Education: Early Learning.