14 Duncombe Grove, QUINNS ROCKS, WA, 6030

+ 20 year Triple Net Lease to Sparrow Early Learning to 2036

+ Two further 10 year options to 2056

+ Sparrow Early Learning: 59 centres nationally and a subsidiary of Fullshare Holdings Ltd, listed on the Hong Kong Stock Exchange (SEHK:607), with offices in China, Hong Kong, Singapore, and Australia, and with a Market Cap of HK3.35 billion

+ Triple Net Lease: Tenant pays 100% of outgoings including: all maintenance (both capital and structural),land tax, rates, management fees and insurance

+ Minimum 3% annual rent increases with ratchet provisions at market review, ensuring rental growth

+ Purpose – built child care facility licensed for 72 LDC places

+ Strategically positioned within significant education precinct (18 schools within a 3km radius)

+ Quinns Rocks: popular coastal suburb only 38 kilometres north from the Perth CBD

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector in the 2019/20 financial year

+ Net Income: $145,865 pa + GST and outgoings

For Sale by Investment Portfolio Auction

10:30AM (AEDT) Wednesday 31 March 2021

Also available for sale within the portfolio:

57 Yvette Street, Kelso QLD

https://bit.ly/3dYwQPj

Remember to mention you found this property on CommercialReady.com.au