99 Fieldgate Square

Balga WA 6061

Burgess Rawson are delighted to offer the freehold interest in the childcare investment located at 99 Fieldgate Square, Balga (Perth) WA. The property is for sale by Auction to be held at 10.30am (AWST) Wednesday, 21 April 2021 at the Oxford Hotel, 368 Oxford Street, Leederville WA.Investment Highlights+ Refurbished 48 Place Childcare Centre, With 5 Year Lease Plus Option+ Secure 5 year lease to 2025 + options extending to 2030+ Established suburb 13km from Perth CBD+ 12 primary schools within a 7 minute drive from the centre+ CPI plus 1% rental increases+ Tenant pays all usual outgoings, as per lease, excluding Land Tax+ Market rent review 2025+ Rent $52,363.64 pa + GST+ Net Income: $51,700.64 pa + GSTProperty DescriptionRefurbished as a 48 place single level childcare centre in 2012. The construction is of brick walls and colourbond roof. Solar panels have beeninstalled.The facility has 15 on-site car bays to the right of the centre which are accessed via the dual entry/exit access from Lindway Street.Internal AreaThe internal areas are finished with plastered walls, gyprock ceilings, aluminium window joinery and evaporative air conditioning with vents located throughout the activity areas. Floor coverings consist of a combination of tiles and vinyl laminate.The facility is fitted out with three large activity playrooms, shared toilets, laundry, kitchen, staff room, reception and staff offices via the entrance.Outdoor AreaThe facility offers three separate, spacious play areas to cater for infants, toddler and primary. The areas are designed to meet the needs of the active child with climbing structures, sand pit and undercover play areas which connect directly from each indoor activity zone.Centre Features+ Spacious reception and administration area+ Staff room+ Three generous activity playrooms+ Shared children's toilets and amenities+ Well equipped kitchen+ Laundry+ Solar panels+ On site parkingZoningThe property is zoned 'Business' under the City of Stirling Town Planning Scheme. For all information on zoning and development visit www.stirling.wa.gov.auInspectionsInspections of the property will be by appointment only and be in the company of a Burgess Rawson representative. Please contact the agents to arrange inspection.For further details please contact Selling Agents.*Approx