 Asset Class: | Child Care |
 Price: | $ 5375000 |
 Net Yield: | 6.45 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Fully established modern childcare facility with >90% occupancy, strategically located within an education precinct, just 250 metres from Byford Town Centre in one of Western Australia's fastest-growing areas. The asset boasts a strong initial net yield of ~6.35% in the first year of ownership, with potential for solid cash flows over the lease term and upside from the current rate of <$3,300/child. This large facility is fully leased to Bloom Early Education, a highly reputable WA specialist operator with nine (9) centres in<br>suburban areas where competition is less intense compared to central Perth.<br><br>Well positioned in the Education Precinct, this triple street-facing corner site has great exposure, access, signage, parking and adjoins both John Calvin School, Byford Secondary College and is close to Byford Primary. Positioned just 300m from Byford train station and Byford Town Centre with retail, transport, and social infrastructure<br>serviced major retailers Woolworths, Coles, Aldi, health and community services.<br><br>As a 2023 construction, the asset offers significant depreciation benefits and is structured with CPI annual increases showing the potential for ~9% pa inside the first term. Positioned with easy access from Abernethy Road immediately North for direct connectivity to Southwest Highway this asset is uniquely positioned for sustained long <br>term demand. The childcare sector also continues to receive strong governmental support, highlighted by the Federal Government’s increase in the Child Care Subsidy (CCS) rates from 2023, which is anticipated to further bolster the sector’s national outlook.
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Located 32km from the Perth CBD, Byford is a large and growing residential suburb characterized by young families attacted by the availability of affordable land and amenity the locality offers. Byford provides strong underlying demands drivers for children services with a young resident population, having a median age of 29 years versus the medial age of 36 years in Perth metropolitan area, and a high proportion of dual income families. The population also consist of a relatively high proportion of children aged 0-5 years at approximately 13% of the total population. <br><br>The locality has undergone rapid change over the last decade with the population growth between 8.2% p.a. population growth between 2016 and 2020.<br>Planning estimates published by the local authorities project the remaining undeveloped urban zoned land within the locality can accomodate further 13,087 dwellings or 39,080 residents. <br><br>The site is well located for children use, being positioned opposite and adjacent to existing schools and near to retail amenity, offering locational advantages that allow for multi-use trips for local families. The site also directly opposite a local public open space reserve.
Additional Location Information File<span style="color:rgb(0, 0, 0);background-color:rgb(255, 255, 255);">At Bloom Early Education we create the conditions for every child to discover their abilities, grow into their strengths and develop their confidence. We tailor your child’s journey of learning and development to their individual needs. This includes play-based learning and planned activities. Together with your feedback, we continue to adapt and evolve to meet the needs of your child</span>
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43 Granfell Way, Byford, WA, ~6.35%, 106 places, 3,270/child (freehold) 1 Marchant Way Byford WA, sold 5.8%, 2024 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%, 202
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<ul style='list-style-type:ulRightPointer;list-style-image:url("data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width = %229px%22 height = %229px%22%3E%3Cpath d = %22M14.6,95c0,0.1,0,0.1-0.1,0.2c0,0.1-0.1,0.1-0.2,0.1l-7,3.2c-0.1,0-0.1,0-0.2,0S7,98.4,6.9,98.4 c0,0-0.1-0.1-0.1-0.2s0-0.1,0-0.2l1.4-3.3l-1.3-3.4c0-0.1,0-0.1,0-0.2s0-0.1,0.1-0.2c0,0,0.1-0.1,0.2-0.1s0.1,0,0.2,0l6.9,3.7 c0.1,0,0.1,0.1,0.2,0.1S14.6,94.9,14.6,95z%22 style=%22fill:rgb(0%2C%200%2C%200)%3Btransform:translate(-6px,-90px)%3B%22/%3E%3C/svg%3E");list-style-position:inside;padding-inline-start:20px;'><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;">AREA 2,389m2 main road freehold site</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;">950m2 childcare centre licensed for 106 LDC places.</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> >90% occupancy since March 2024</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> 2023 construction with significant depreciation benefits.</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Located 32 kilometres from Perth CBD.</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> 15-year net lease to 2038, plus 4 x 5-year options out to 2058.</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Bloom Early Education Australia with 9 x WA centres</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Net income $346,665</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> CPI annual increases and market review at option</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Tenant pays all outgoings, including land tax and management fees.</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Covered entry, foyer, reception, office, staff, education, cot rooms, kitchen, amenities</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Numerous internal storage/crafts rooms, extensive external verandas and play areas</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Lot 152 on Plan 413113, contained in Certificate of Title 4018, Folio 24</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> 26 on-site car spaces are provided on title</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> Service Approvals in place</span></p></li><li style="color:rgb(0, 0, 0);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> 6 months bank guarantee in place</span></p></li></ul>
