58 Carrington Street

Palmyra WA 6157

+ Two further 10 year options to 2061
+ Nido Early School: boutique early education operator with a network of 97 locations nationally
+ Landlord favourable annual CPI rent increases (Minimum 2.75% and maximum 3.25%)
+ Tenant pays all outgoings including land tax
+ Impressive childcare centre licensed for 92 LDC places offering significant depreciation benefits
+ Strong trading business with high occupany.
+ Commanding 2,096sqm* corner site with favourable "Centre 4" zoning, offering strong underlying land value and long-term future redevelopment potential
+ Strategic location within a prime schooling catchment, with 20 schools in a 3.5km* radius including 500m* from Palmyra Primary School (530+ enrolments), 900m* from Our Lady of Fatima Catholic School (189+ enrolments) and 1.2km* from Richmond Primary School (431+ enrolments)
+ Conveniently located within close proximity to major retail centres including Hawaiian's Melville, Bicton Central Shopping Centre, Beaconsfield Plaza & Melville Central, underpinned by national retailers such as Coles, McDonald's, Bunnings, Hungry Jack's & other specialty stores.
+ Palmyra: a highly desirable, family-friendly suburb neighboring Fremantle and located only 12km from the Perth CBD. Palmyra is currently experiencing a significant shortage of childcare services, with a ratio of 6.04 children (aged 0-5 years) for every LDC place available
+ Child care/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding in FY21-22, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the financial year^
+ Net Income: $394,208 pa* + GST

For Sale by Private Treaty.

Please contact the exclusively appointed Burgess Rawson childcare team for more information.

*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).