New 15-Year Lease - Childcare Centre Investment

Other Sold - WONTHELLA WA

Burgess Rawson is pleased to offer to the market for sale, 236 Fourth Street, Wonthella WA

+ Brand new 15-year net lease to 2040
+ Three further 10-year options extending to 2070
+ Magic Cottage – a leading WA childcare operator with 9 centres and expanding
+ Fixed 3% annual rent increases providing built-in rental growth
+ Tenant pays all outgoings including land tax and management fees as per lease
+ Modern childcare facility licensed for 55 LDC places, with 8 on-title car bays
+ Well-maintained facility presenting a strong, established childcare investment opportunity
+ Prominent 1,012sqm* site located in a well-established residential area with strong family demographics
+ Close proximity to schools, local amenities, and key community services
+ Positioned within a short distance of Geraldton CBD, offering easy access and connectivity for families
+ Wonthella is a long-established and growing suburb in the Geraldton region, supported by ongoing infrastructure investment and increasing demand for quality early education
+ Childcare/Early Education is an essential service with both Federal and State Governments allocating $14.8 billion of funding for FY24, with an additional $4.7 billion dedicated to the cheaper childcare reform which took effect in July 2023 The 2024–25 Federal Budget includes a $650 million investment into educator training and workforce development over the next four years to further support quality outcomes in the childcare sector
+ Net Income: $206,250.00 pa + GST*

Asking Price
+ $3,100,000 (Going Concern)

For further details, please contact the exclusively appointed Burgess Rawson Childcare team:

Christopher Carcione
0415 393 082
ccarcione@brwa.com.au

Richard Giorgi
0468 697 093
rgiorgi@brwa.com.au

*approximately