 Asset Class: | Child Care |
 Price: | $ 5757000 |
 Net Yield: | 6.60 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Brand-new, purpose-built childcare centre with a 75-place capacity, strategically positioned on high- exposure Walcott Street, which sees over 19,600 vehicles daily. Located in the inner-city suburb of North Perth, just 3km from Perth CBD, this asset is secured by a 15-year lease to a growing multi-site childcare operator, offering a very strong net yield from day one and fixed 3% annual rent increases, with significant depreciation benefits per the schedule provided. Jelly Tots Early Learning Centre North Perth is a highly attractive, architecturally designed two-storey facility, ideally situated near key educational institutions, including Edith Cowan University, North Perth Primary School, and Kyilla Primary School, ensuring strong ongoing demand for childcare services. With direct connectivity to Perth CBD via Fitzgerald Street and</span><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;"> </span><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">proximity to Coles North Perth and the Fitzgerald Street retail and dining precinct, the location offers exceptional accessibility and convenience. A 6-month bank guarantee, long lease term, and strong lease covenants further reinforce the security of this opportunity. This is a rare find so close to Perth CBD, offering a very strong return in a highly desirable suburb with a $1,400,000 median house price. A premium build, strong fundamentals, and secure leasing to an established Perth operator make this an outstanding long-term opportunity.</span>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<span style="color:rgb(34, 34, 34);"> </span><br><span style="color:rgb(34, 34, 34);">Tenant website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.jellytotselc.com.au/"><u>https://www.jellytotselc.com.au/</u></a><span style="color:rgb(51, 51, 51);"></span>
Initial Term:
Security:
6 months gross Bank Guarantee
Security Info:
6 months gross Bank Guarantee
Initial Term:
Security:
6 months gross Bank Guarantee
Security Info:
6 months gross Bank Guarantee
257 Walcott Street, North Perth, WA, 75 places, 6.6%, city-fringe 43 Granfell Way, Byford, WA, 106 places, 6.3%, 2025, outer suburban 1 Marchant Way Byford WA, sold 5.8%, 2024, outer suburban 73 Kingsley Drive, Kingsley WA, 6.07%, outer suburban Lex Education, Forrestfield, May 2023, 5.78% outer suburban The Family Tree, Baldivis, February 2023, 5.88%, outer suburban 61 & 63 Lagoon Drive Yanchep, 5.5%, regional 2 Esperance Avenue, Dawesville WA, 6.2%, regional 6 English Retreat, Leda, WA, converted house, single operator, 6.13%, 2024
Offer To Purchase:
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Initial Deposit:
$
Due Diligence:
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Finance:
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Settlement:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">1,125m² freehold site with 572m² of building area</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">75-place childcare centre with 533m² of outdoor play space</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Brand new, purpose-built 2024 construction with substantial depreciation benefits</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Located just 3km from Perth CBD in a high-growth inner-city suburb</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">15-year net lease to 2039, plus 1 x 15-year option out to 2054</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Securely leased to Jelly Tots Early Learning, a multi-site childcare operator with WA centres in Mundijong and South Yunderup</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-weight:normal;font-style:normal;">$380,000 net income</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">3% fixed annual rental increases with market reviews at option</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Lessee pays all outgoings, including land tax and management fees</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Two-storey facility with modern amenities, including foyer, reception, staff areas, education rooms, and kitchen</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Extensive internal storage, covered verandas, and well-designed outdoor play areas</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">18 on-site car spaces with access from Little Walcott Street</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">6-month gross bank guarantee in place</span></p></li></ul><p style=""><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;"> </span></p><p style=""><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;">Tenant website: <a target="_blank" href="https://www.jellytotselc.com.au/">https://www.jellytotselc.com.au/</a></span></p>
