Sterling Property & Harrper Projects as joint-exclusive selling agents are pleased to present 257 Walcott Street, North Perth (WA); For Sale by Offers Invited.
– 15 Year lease expiring 2039 with 1 x 15-year option
– Brand-New 76-place Purpose Built Childcare Centre
– North Perth is a premium inner city location just 4km from Perth CBD
– Securely leased to Jelly Tots Early Learning, a growing multi-site operator with other Centres in Mundijong & South Yunderup
– Tenant pays all outgoings
– Built in rental growth via 3% annual rent increases
– 2-minute drive to Coles North Perth & the Fitzgerald street retail/dining precinct
– 3-minute drive to Mount Lawley Edith Cowan University, a significant education precinct
– Within a booming schooling precinct, with 12 Primary Schools located in a 3km radius
– Premium exposure to Walcott Street with approx. 19,500 daily average passing traffic
– Easily accessible by Fitzgerald Street, providing direct connectivity to Perth CBD
– Significant depreciation benefits
– Net Income: $380,000 + GST
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
To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents Sterling Property or Harrper Projects.
