2/636 Newcastle Street, LEEDERVILLE WA 6007

For Sale Contact Agent

Rare Inner City Childcare Investment | New 15 Year Net Lease to 2038 + Options

Medical/Consulting - LEEDERVILLE WA

Burgess Rawson is pleased to offer to the market Tall Tree Early Learning located at Level 2, 636 Newcastle Street, Leederville For Sale via our Investment Portfolio Auction 162.

This opportunity has the following key investment highlights:

+ New 15 year net lease to Tall Tree Early Learning to 2038
+ Two further 5 year options to 2048
+ Tall Tree Early Learning: experienced operator of 25+ years and with an expanding network of 10 locations under two brands
+ Desirable 3.5% annual rent increases
+ Tenant pays all outgoings including land tax
+ Brand new 92 LDC place centre offering substantial depreciation benefits
+ Strategically positioned within a significant educational precinct, 10 primary schools within a 3km radius
+ Favourable ‘Regional Centre’ zoning providing longer term flexibility of uses
+ Positioned 500 metres from Saracen Properties a $70 million mixed-use development within West Perth’s Pickle District, boasting a proposed Bunnings,
a community space, and a host of other retail stores and amenities
+ Leederville: highly sought-after inner-city location with excellent access to major transport links including the Mitchell Freeway 330m*, Leederville Train
Station 600m*, and only 2.7km* from the Perth CBD
+ 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: $331,200 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne

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

^ Australian Government – Department of Education | Child Care Subsidy Reform

Property Features
  • Medical/Consulting
  • Floor Area is 1 m²
Commercial Features
Highlight 1

15 + 5 + 5 year net lease

Highlight 2

Fixed 3.5% annual rent increases

Highlight 3

Significant deprecation benefits

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