157 Rockingham Road, HAMILTON HILL, WA, 6163

+ Rare 30 year triple net lease to Genius Early Learning to 2050

+ One further 10 year option to 2060

+ Genius: highly experienced early education provider with a network of 29 centres nationally

+ Recently refurbished child care facility, licensed for 99 LDC places

+ Min 2.5% annually increases, plus ratchet provisions at market review ensuring rent cannot reduce over the life of the lease

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

+ Prominent 3,072sqm main road site with 14,000+ vehicles passing daily

+ Strategically positioned 450 metres from both Phoenix and Southwell Primary schools, and within ease of access to major transport links and only 23km from the Perth CBD

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and state Governments providing record funding of $10.5 billion to the sector in the 2019/20 financial year

+ Situated within significant education precinct (15 schools within a 3km radius)

+ Net Income: $289,203 pa + GST

For Sale by Investment Portfolio Auction

Wednesday 23 June 2021

Crown Casino, Melbourne

Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

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