Sterling Property & Altegra Property Group as joint-exclusive selling agents are pleased to present 77 Peel Terrace, Busselton (WA); For Sale by Offers Invited closing Thursday 26th September 2024 (AWST).
– 15 Year lease expiring 2039 with 1 x 10 year option
– Securely leased to experienced South-West operator, Bush Kids, with Centres in Eaton, Bunbury & Busselton
– Net Income: $285,000 + GST
– Tenant pays all outgoings
– Attractive 3.5% annual rent increases
– Located within the Busselton Town Centre, a short drive to the major Commercial & Retail precinct
– 3 Primary Schools within a 3.5km radius, boasting over 1000 total enrolments
– Peel Terrace is easily accessible from Bussel Highway, providing excellent connectivity for parents
– Brand-New 86-place Purpose Built Childcare Centre
– Significant depreciation benefits
– Gap Maps showing a ratio of 4.5 children aged 0 – 5 per licensed place within the LGA of Busselton; highlighting a surplus in demand for additional Childcare services within the catchment
– 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 Altegra Property Group or Sterling Property.
