Burgess Rawson & Sterling Property are pleased to offer to the market 5 Ikara Street, Yanchep WA for sale via Expressions of Interest Campaign.

This opportunity has the following key investment highlights:

+ New fifteen (15) year net lease to Buttercups to 2039 plus three (3) further ten (10) year options to 2069
+ Buttercups Childcare & Early Learning: experienced early education provider with a network of 13 centres across Western Australia
+ Ten (10) year net lease to XOFit Gym to 2034 plus two (2) further five (5) year options to 2044
+ XOFit Gym: privately owned gym operator with a network of 6 centres
+ Both leases with fixed 3% annual rent increases, ensuring rental growth
+ Tenants pay all outgoings including land tax and management fees
+ Impressive 579sqm* NLA childcare facility licensed for 68 LDC places
+ Expansive 557sqm* gymnasium with state-of-the-art internal fit-out
+ As new construction completed in 2024, offering outstanding depreciation benefits
+ Substantial 3,388sqm* landholding with 36 on-site car spaces
+ Situated with immediate proximity of national retailers including ALDI, Coles, Woolworths & McDonald’s
+ Strategically positioned within the Yanchep Junction Residential Estate – 546 lot master planned community projected to house over 2,000 future residents*
+ Centrally located between Yanchep’s four major schools – combining to service 2,102* students within a 1km* radius
+ Yanchep: one of Western Australia’s fastest growing coastal municipalities located 50 kilometres north from the Perth CBD and with a population forecast to increase by 166% by 2046.
+ Childcare/Early Education is an essential service with both Federal and State Governments allocating $14.8billion of funding for FY24, with an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023.
+ Combined Net Income: $459,200 pa* + GST

For Sale via Expressions of Interest
Closing 3:00pm AEST Wednesday 5 March 2025

Please contact the exclusively appointed Burgess Rawson & Sterling Property team for more information.

*Approx.