Burgess Rawson is pleased to offer to the market, 13 Strelitzia Avenue, Forrestfield WA for sale via our Investment Portfolio Auction 160.

This opportunity has the following key investment highlights:

+ New 15 year net lease to Lex Education to 2038.
+ One further 10 year option to 2048.
+ Lex Education: experienced local operator with 10 current locations plus four further locations to open soon.
+ Fixed 3% annual rent increases.
+ Tenant pays all outgoings including land tax and management fees.
+ Impressive 468sqm* child care centre with approval for 69 LDC places.
+ New construction with significant depreciation benefits.
+ Large 1,928sqm* site strategically positioned opposite Hawaiian’s Forrestfield Shopping Centre anchored by Coles, Woolworths, and 50+ specialty retailers.
+ Located within a significant schooling precinct, metres from Forrestfield & Woodlupine Primary Schools, and within close proximity to Dawson Park Primary
School, Darling Range Sport College, Hillside Christian College & Heritage College.
+ Forrestfield: affordable family-orientated suburb with excellent access to key retail, commercial and transport amenities, and located only 15 kilometres from
Perth CBD.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing
record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^^^.
+ Net Income: $213,900 pa* + GST.

*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne