Brand New, Purpose Built Childcare Investment in one of Australia's booming regional centres
Altegra Property Group & Sterling Property as joint-exclusive selling agents are pleased to present 77 Peel Terrace, Busselton, WA For Sale by Offers Invited closing 5pm Wednesday 9th October 2024 (AWST). Located within a booming regional centre of south west Western Australia, key investment features include; - 15 Year lease expiring 2039 with 1 x 10 year option - Securely leased to experienced South-West operator, Bush Kids, with Centres in Eaton, South Bunbury & Busselton. - Net Income: $285,000pa + GST - Tenant pays all outgoings - Attractive 3.5% annual rent increases - Bank Guarantee and personal guarantee The prominent corner location of this asset is well position to capitalise on the continued growth and development in the surrounding catchment area's; - Located within the Busselton Town Centre, a short drive to the major Commercial & Retail precinct - 3 Primary Schools within a 3.5km radius, boasting over 1000 total enrolments - Peel Terrace is easily accessible from Bussel Highway, providing excellent connectivity for parents - Brand new, quality built 86-place Purpose Built Childcare Centre - Significant depreciation benefits - Gap Maps showing a ratio of 4.5 children aged 0 – 5 per licensed place within the LGA of Busselton; highlighting a surplus in demand for additional Childcare services within the catchment - Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns. To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents Altegra Property Group or Sterling Property.