216 Wentworth Parade Success WA 6164

LJ Hooker Commercial Perth & MMJ Real Estate (WA) as joint-exclusive selling agents are pleased to present 216 Wentworth Parade, Success, Western Australia; a premium Childcare Investment opportunity For Sale by Offers Invited Closing Thursday 23rd June 2022.

- 15 Year lease expiring January 2037 with 4 x 5 year options
- Securely leased to experienced WA operator, Sagewood Early Learning
- Net Income: $269,700 + GST
- Tenant pays all outgoings
- Fixed 2.75% annual rent increases
- Located approximately 22 kms south of the Perth CBD in the established suburb of Success, ideally positioned between the Cockburn Central town centre precinct and Success Primary School.
- Conveniently situated on the same street as Success Primary School which accommodates 704 students.
- Brand new, architect designed, premium quality childcare centre licensed for 87 LDC places
- Significant depreciation benefits
- Compelling demographic with limited competition. The suburb Success is situated with the City of Cockburn (LGA), the population of Cockburn is forecast to increase from approximately 112,000 to 165,989 in 2041, an increase of 57,687 people.
- Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns.
- Childcare was one of the biggest single spending measures in Labor's 2022 election campaign which included a $5.4 billion commitment to increase subsidies for 96% of families. The 2021-22 Federal Budget allocated approximately $11.4 billion in combined funding to the sector.

To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents LJ Hooker Commercial Perth or MMJ Real Estate (WA).