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Blue Chip Childcare Investment Leased to ASX Listed Tenant

1 Forrest Road, PADBURY WA, 6025

Sold

Property Sold in 1 Forrest Road, PADBURY WA, 6025

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11385493
Status:
Sold
Price:
Price on Request
Last Updated:
26/06/2020
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Property Type

Medical/Consulting/Retail/Other
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Land Area

1737 SQM
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Floor Area

1017 SQM
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Parking

N/A

Blue Chip Childcare Investment Leased to ASX Listed Tenant

Burgess Rawson is pleased to present a brand new childcare asset located in Padbury, WA. Leased to a wholly owned subsidiary of Moelis Australia (ASX Listed, $490m market cap and $5bn in funds under management), operated and managed by one of the country’s leading ASX listed education providers Think Childcare Limited under their premium brand Nido Early School, with 78 centres nationally offering world-class education philosophy focusing on early childhood experiences and education.

Investment highlights:
+ Secure 20 year net lease to 2040
+ Two further 10 year options to 2060
+ Nido Early School: operated and managed by Think Childcare (ASX:THK) under their premium brand with a network of 78 centres nationally
+ CPI + 1% annual rent increases with market review at the commencement of each further term
+ Tenant pays all usual outgoings
+ State-of-the-art 1,017 sqm multi-storey child care facility licensed for 82 LDC places
+ Prominent 1,737 sqm corner site with exposure to Marmion Avenue - 37,255 vehicles passing daily
+ Strategically located 400 metres from Padbury Primary School and 700 metres from Westfield Whitford City Shopping Centre underpinned by Coles, Bunnings + 238 specialty retailers
+ New construction with substantial taxation depreciation benefits
+ Net Income: $298,287 pa + GST and Outgoings

Auction 10:30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

For more details, please email agent


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Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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