+ Secure 15-year lease to 2034 plus options to 2043.
+ North Metropolitan Health Services: Servicing 28%* of Western Australia, this Government tenant provides a comprehensive range of adult specialist medical, surgical and mental health services.
+ Strong and certain rental growth with annual fixed, compounding 3.25% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all outgoings including land tax and management fees.
+ Impressive 1,002 sqm* corner site with combined 60m* frontage and exposure to main arterial roads.
+ High profile 715 sqm* medical facility with 21 on-title car spaces.
+ Constructed in 2019, offering substantial depreciation benefits.
+ Opposite Butler Train Station and Charter Hall owned Butler Central Shopping Centre, anchored by Woolworths Supermarket with BWS, 30 specialty stores and 430 car parking spaces.**
+ Butler Homemaker Centre: Adjacent to the Butler Central SC, this 2.74ha Axiom development will see household brands such as Beacon Lighting, Petbarn, The Good Guys and Adairs introduced to the area in July 2022, with provisions for 319 car spaces.
+ Strategically located within close proximity to various high-profile national tenants, with ALDI, Dan Murphy's, Anaconda, Spotlight, Amart Furniture, KFC and McDonald's all within 800 metres*.
+ Surrounded by important social infrastructure including 11 schools in a 3km radius servicing over 6,600 full-time students.***
+ The $1.25bn Yanchep Railway Extension (Metronet) is Perth's largest investment in public transport and will facilitate the rapid growth of Butler's town centre.****
+ City of Wanneroo: Largest growing LGA in Australia, with population forecast to grow 68% by 2041 to 370,273.*****
+ Minimum management, essential service investment.
+ Net Income: $289,566pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 30 March 2022
Crown Casino - River Room
*Approximately
**Butlercentral.com.au
***Gapmaps
****Metronet.wa.gov
*****Forecast.id
