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56 Victoria Street, ST JAMES, WA, 6102

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56 Victoria Street, ST JAMES, WA, 6102

St James

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56 Victoria Street, ST JAMES, WA, 6102

St James

SOLD
56 Victoria Street, ST JAMES, WA, 6102

56 Victoria Street, ST JAMES, WA, 6102

Properties / Sold / Western Australia / St James
Vacant Possession
Selling Method
Auction
Selling Details
Price on Request
Land Area
1,028 m² (*approx)
Floor Area
1 m² (*approx)
Property Type
Health/Medical
Sub-type
Child Care
Terms
Renewed Five (5) year lease to HQ Children's House of Learning to 2028, Four (4) further five (5) year options to 2048
Est. Income
$55,000 p/a
Fully Leased
HQ Children's House of Learning
Show All
Entry Level Childcare Investment | High Growth Metro Perth Location
  • Greater of CPI or 3% Increases
  • Tenant pays all outgoings inc land tax
  • Established centre of 19+ years

Burgess Rawson is pleased to offer to the market, 56 Victoria Street, St James (Perth) WA, for sale via our Investment Portfolio Auction 160.

+Renewed Five (5) year lease to HQ Children's House of Learning to 2028

+Four (4) further five (5) year options to 2048

+HQ Children's House of Learning: Long established and successful centre in operation since 1994

+Annual rent increases to the greater of CPI or 3%

+Favourable net lease terms with the tenant paying all outgoings including land tax, rates, insurances and management fees

+Well-maintained childcare centre licensed for 28 LDC places

+Strategically positioned 1,028sqm* site within ease of access of the Albany Highway, a major thoroughfare with 37,000+ passing vehicles daily*

+Situated within a significant education precinct -17 schools within a 3.5km radius including 500m* from Santa Clara Primary School (175+ enrolments).

+Conveniently located 650 metres from Woolworths anchored Bentley Shopping Centre and within close proximity of Westfield Carousel Shopping Centre, Waterford Plaza & Victoria Park Shopping Centre underpinned by national retailers including Myer, Woolworths, Coles, Supa IGA, Kmart and other specialty stores

+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.

+St James: highly desirable and centrally located family-oriented suburb, located only 7 kilometres from the Perth CBD

+Net Income: $55,000 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Wednesday 10 May 2023

Crown Casino, Melbourne

*Approx.

^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Remember to mention you found this property on CommercialReady

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Vacant Possession
Vacant Possession

56 Victoria Street Investment Summary

Property Type
Health/Medical
Sub-type
Child Care
Est. Income
$55,000 p/a
Tenant
HQ Children's House of Learning
Terms
Renewed Five (5) year lease to HQ Children's House of Learning to 2028, Four (4) further five (5) year options to 2048
Land Area
1,028 m² (*approx)
Floor Area
1 m² (*approx)
Selling Method
Auction
Auction Date
10 May 2023 10:30AM
Selling Details
Price on Request

Investment Highlights

Entry Level Childcare Investment | High Growth Metro Perth Location
  • Greater of CPI or 3% Increases
  • Tenant pays all outgoings inc land tax
  • Established centre of 19+ years

Burgess Rawson is pleased to offer to the market, 56 Victoria Street, St James (Perth) WA, for sale via our Investment Portfolio Auction 160.

+Renewed Five (5) year lease to HQ Children's House of Learning to 2028

+Four (4) further five (5) year options to 2048

+HQ Children's House of Learning: Long established and successful centre in operation since 1994

+Annual rent increases to the greater of CPI or 3%

+Favourable net lease terms with the tenant paying all outgoings including land tax, rates, insurances and management fees

+Well-maintained childcare centre licensed for 28 LDC places

+Strategically positioned 1,028sqm* site within ease of access of the Albany Highway, a major thoroughfare with 37,000+ passing vehicles daily*

+Situated within a significant education precinct -17 schools within a 3.5km radius including 500m* from Santa Clara Primary School (175+ enrolments).

+Conveniently located 650 metres from Woolworths anchored Bentley Shopping Centre and within close proximity of Westfield Carousel Shopping Centre, Waterford Plaza & Victoria Park Shopping Centre underpinned by national retailers including Myer, Woolworths, Coles, Supa IGA, Kmart and other specialty stores

+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.

+St James: highly desirable and centrally located family-oriented suburb, located only 7 kilometres from the Perth CBD

+Net Income: $55,000 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Wednesday 10 May 2023

Crown Casino, Melbourne

*Approx.

^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Remember to mention you found this property on CommercialReady

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Vacant Possession

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Property Location of 56 Victoria Street, ST JAMES, WA, 6102

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56 Victoria Street, ST JAMES, WA, 6102 St James
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