Burgess Rawson is pleased to offer to the market 9 Westfield Road, Camillo, WA for sale via our Expressions of Interest Campaign.
This opportunity has the following key investment highlights:
+ New 15-year net lease to Camillo Early Learning to 2038.
+ One further 10-year option to 2048.
+ Camillo Early Learning: established and proven local provider with over a decade of experience and a growing network with two additional centres set to open soon.
+ Fixed annual 3% rent increases.
+ Tenant pays all outgoings including land tax and management fees.
+ Impressive 513sqm* childcare centre with service approved for 92 LDC places.
+ New construction offering significant depreciation benefits.
+ High profile 2,385sqm* corner site with exposure to more than 22,000 vehicles passing daily.+
+ Prominently positioned 680 metres* from the Kelmscott Train Station, Woolworths – anchored Kelmscott Plaza and the Coles Stargate Shopping Centre, and within close proximity of the Champion Lakes Shopping Centre underpinned by Aldi.
+ Situated within a significant education precinct (9 schools within a 2.5km radius).
+ Camillo: affordable family-oriented suburb with a median house price growth of 15.3% in the last 12 months.2
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.^
+ Net Income: $329,200 pa* + GST.
For Sale via Expression of Interest
Closing 3pm AEST (unless sold prior)
23rd August 2023
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
+Gap Maps
2 Realestate.com
^Australian Government – Department of Education | Child Care Subsidy Reform