+20 Photos

Under Offer

6/15 Covenant Lane, Byford WA 6122

Properties / Buy / Western Australia / Byford

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

$3,815,000 (Going Concern)

Floor Area

1461 m² (*approx)

Property Type

Child/Healthcare

Sub-type

Child Care

Terms

Long term Net Lease plus 3 x 10 year options until 2058

Est. Income

$238,267 p/a

Fully Leased

Busy Bees

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2. Property Highlights

Child Care Investment Asset Leased to Blue Chip Tenant | 10 x 10 x 10 year Net Lease to 2058

Long Term Lease to Busy Bees
Attractive built in Rental Growth
High Quality Construction

MMJ Real Estate (WA) as exclusive agents are pleased to offer to the market 6, 15 Covenant Lane, Byford for sale by Private Treaty.

This investment has the following key highlights:
• Long term Net Lease to Busy Bees (trading as NIDO Early School) plus 3 x 10 year options until 2058
• Busy Bees – international childcare operator with a global network of 850+ early learning facilities, including 222 in Australia and New Zealand
• 100% leased investment with attractive 6 month Bank Guarantee
• Attractive built in rental growth via annual CPI reviews with market reviews at option periods
• 2018 constructed high quality, purpose built, two level child care centre with high end specifications
• Situated within an area of retail / commercial development within 'The Glades' Estate
• Ideally positioned between West Byford Primary School, Woodland Grove Primary School and Beenyup Primary School
• Licensed for 82 places
• Rent of $238,267.15 per annum excluding GST and outgoings
• Rent equates to $2,906 per licensed place and on that basis the passing rent is considered well below market rents for a two level child care centre in Metropolitan WA

For Sale by Private Treaty
$3,815,000 (Going Concern)

To arrange an inspection or for further details please contact Chris Geers.

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