Burgess Rawson is pleased to offer to the market Buttercups Childcare Koondoola located at 96 Callison Way (Cnr Marangaroo Dr), Koondoola (Perth) WA for sale via our Investment Auction Portfolio 173.

The property has the following investment highlights:

+ New fifteen (15) year net lease to July 2039
+ Three (3) further ten (10) year options to July 2069
+ Buttercups Childcare: experienced early education provider with a network of 13 centres across Western Australia
+ Fixed annual 3% rent increases with ratchet provisions at market reviews, ensuring rental growth
+ Tenant pays 100% of outgoings including land tax and management fees
+ Impressive single-level childcare centre with service approval for 90 LDC places + 22 designated on-site car spaces
+ Newly constructed in 2024, offering significant depreciation benefits
+ High-profile 2,203sqm* corner landholding positioned within an important schooling catchment- 650m* of three (3) schools and a 3km* radius of a further 22 schools, which combine to service 8,214 students*
+ Centrally located within a strong retail precinct with four (4) major shopping centres located within a 3km* radius including Alexandar Heights Shopping Centre (725m*), Newpark Shopping Centre, Malaga Markets & The Market Place Shopping Centre
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.
+ The 2024-25 Federal Budget has paved the way for positive change and reform in the childcare sector. In addition to this increase in award wages for childcare educators, $650 million will be allocated to workforce qualification and training in the childcare sector over the next four years to further enhance the quality of education and support the future of Australian children.
+ City of Wanneroo: Western Australia’s fastest growing LGA with a population forecast to increase 85.18% to 437,016 residents by 2046
+ Net Income: $389,025 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 11 December 2024
Crown Casino, Melbourne

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

*Approx.