Western Suburbs Leased Childcare Investment For Sale - Under Offer by MMJ

MMJ Real Estate (WA) are pleased to present to market this high quality fully leased single level childcare centre for sale by Offers to Purchase - now Under Offer

Key Features:
- Blue-chip location in Claremont forming part of the tightly held 'Golden Triangle'
- Affordable 'entry level' price point for the discerning investor
- Land rich asset on an 860m² site which is zoned Residential 'R40'
- Leased to leading WA owned childcare operator Village Early Learning which currently trade from 11 locations in the Perth Metropolitan area
- 52 place centre which was meticulously upgraded by the current owner

Lease Details:
- Long term lease in place with the current term expiring on 10 November 2038
- 3 further 5 year options available, taking the total lease tenure out until 10 November 2053
- Current passing rent is $176,533.76 per annum plus GST and outgoings
- Passing rent equates to $3,395 per place - indicating the rent in this location is more than capable of market growth over time.
- Tenant pays all usual outgoings including land tax and management fees.
- Annual rent reviews to fixed 3% with a market review at option
- Seller holding Bank Guarantee equal to six months gross rental

For a private chat or further details please contact Chris Geers to discuss.