26 Harness Street, Hilbert, WA, 6112

Burgess Rawson is pleased to offer to the market, 26 Harness Street, Hilbert WA, for sale via Portfolio Auction, to be held 10:30am (AEDT) Wednesday 30 October 2024, at Crown Casino, Melbourne.

+ Brand new 15 year net lease 2039

+ Two further ten year options to 2059

+ Little Learners Place: Leading WA operator with 7 centres and expanding

+ Fixed 3% annual rent increases, ensuring rental growth

+ Tenant pays all outgoings including land tax and management fees

+ Impressive 758sqm* childcare facility approved for 104 LDC places with 24 car spaces on title

+ Brand new construction offering outstanding depreciation benefits

+ Expansive 2,485 sqm* site located within 50 meters of the future Coles-owned neighbourhood shopping centre.

+ Situated within a 3 km* radius of four schools and in close proximity to Armadale Shopping City and Armadale Central Shopping centre, anchored by major retailers including Coles, Kmart, Target, and Woolworths, alongside a variety of specialty stores, dining venues, and essential services, a key retail destination for Armadale and surrounding suburbs.

+ Ideally positioned just 700 meters from Tonkin Highway, a key north-south arterial route offering seamless access for commuters to and from Perth, enhancing connectivity and transport convenience, with 29,000+ passing cars per day.

+ Hilbert: One of Armadale's fastest-growing suburbs, located just 30 km from Perth's CBD. With rapid residential development and increasing demand for amenities, Hilbert is becoming a sought-after area for families and investors alike.

+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.

+ The 2024-25 Federal Budget has paved the way for positive change and reform in the childcare sector. In addition to this increase in award wages for childcare educators, $650 million will be allocated to workforce qualification and training in the childcare sector over the next four years to further enhance the quality of education and support the future of Australian children.

+ Net Income: $338,000 pa* + GST

To be sold via Investment Portfolio Auction 172

Wednesday 30 October 2024

10:30am (AEDT), River Room, Crown Casino, Melbourne

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