+17 Photos

Under Offer

23 Railway Parade, Mount Lawley WA, 6050

Properties / Buy / Western Australia / Mount Lawley

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

Contact agent

Floor Area

338 m² (*approx)

Property Type

Child/Healthcare

Sub-type

Health Care & Medical, Child Care

Terms

Brand new 10 year + 5 year + 5 year lease commenced 1st March 2024

Est. Income

$247,612 p/a

Fully Leased

Lex Education Group

Show All

2. Property Highlights

Prime CBD Fringe Child Care For Sale

Brand new 10yr Lease + 2 x 5yr Options
Premium corner position
CBD Fringe location

MMJ Real Estate (WA) as exclusive agents are pleased to offer to the market for sale by private treaty, 23 Railway Parade, Mt Lawley.

Key Highlights for this investment:

* Licensed for 71 places

* Trades as KinderPark ELC

* Tenant is Lex Education Group (private WA company with 14+ centres trading under multiple brands)

* Land Area: 989 square metres

* Zoned 'Business'

* Current passing rent is $247,612 per annum plus GST plus outgoings

* Brand new 10 year + 5 year + 5 year lease commenced 1st March 2024

* Rent reviews annually to fixed 3.0%, market rent reviews each 5 years and a ratchet clause applies

* All normal outgoings including land tax and management fees are recoverable from the tenant

* Premium corner position at the intersection of Railway Parade & Park Street

* Offered for sale significantly below replacement cost

* Strong underlying land value

* Excellent location with high barriers to end

* An opportunity not to be missed.

For Sale by Private Treaty

$4,000,000 (Going Concern)

To arrange an inspection or for further details please contact Chris Geers.

Dataroom

1. Property Summary

Property Type

Child/Healthcare

Sub-type

Health Care & Medical, Child Care

Est. Income

$247,612 p/a

Tenant

Lex Education Group

Terms

Brand new 10 year + 5 year + 5 year lease commenced 1st March 2024

Floor Area

338 m² (*approx)

Selling Method

For Sale

DATAROOM AVAILABLE

Gain Access

Selling Details

Contact agent

2. Property Highlights

Prime CBD Fringe Child Care For Sale

Brand new 10yr Lease + 2 x 5yr Options
Premium corner position
CBD Fringe location

MMJ Real Estate (WA) as exclusive agents are pleased to offer to the market for sale by private treaty, 23 Railway Parade, Mt Lawley.

Key Highlights for this investment:

* Licensed for 71 places

* Trades as KinderPark ELC

* Tenant is Lex Education Group (private WA company with 14+ centres trading under multiple brands)

* Land Area: 989 square metres

* Zoned 'Business'

* Current passing rent is $247,612 per annum plus GST plus outgoings

* Brand new 10 year + 5 year + 5 year lease commenced 1st March 2024

* Rent reviews annually to fixed 3.0%, market rent reviews each 5 years and a ratchet clause applies

* All normal outgoings including land tax and management fees are recoverable from the tenant

* Premium corner position at the intersection of Railway Parade & Park Street

* Offered for sale significantly below replacement cost

* Strong underlying land value

* Excellent location with high barriers to end

* An opportunity not to be missed.

For Sale by Private Treaty

$4,000,000 (Going Concern)

To arrange an inspection or for further details please contact Chris Geers.

Dataroom

23 Railway Parade, Mount Lawley WA, 6050 Mount Lawley

Enquire

MMJ - PERTH

Level 2, 5 Mill Street PERTH, WA 6000

Chris Geers

+61 *** *** *** show +61 410 493 057

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

23 Railway Parade, Mount Lawley WA, 6050