$3,700,000

Sterling Property & Harrper Projects as joint-exclusive selling agents are pleased to present 5 Charlotte Street, Dardanup (WA); a strong performing Childcare Investment opportunity For Sale by Private Treaty.

– 15 Year lease expiring January 2038 with 1 x 10 year option
– Securely leased to experienced South-West operator, Young Bucks Early Learning
– Net Income: $262,238 + GST
– Tenant pays all outgoings
– Fixed 3% annual rent increases
– Located approximately 15kms from the Bunbury CBD; with Greater Bunbury WA’s third biggest City behind Perth & Mandurah
– Situated on the main road into Town, nearby to commercial amenity & a short 2-minute drive from Dardanup Primary School
– Recently constructed two-storey Childcare Centre licensed for 67-places
– Significant depreciation benefits
– Currently no competing Childcare services within the immediate catchment
– Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns.

Currently trading at approximately 70% occupancy, astute investors have an opportunity to acquire 5 Charlotte Street, Dardanup, for an asking price of $3.7 million.

To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents Sterling Property or Harrper Projects.