Burgess Rawson is pleased to offer to the market 10 Larsen Road, Byford WA for sale via our Investment Portfolio Auction 166.
This opportunity has the following key investment highlights:
+ 10-year net lease to Busy Bees to 2031.
+ Two further 5-year options to 2041.
+ Busy Bees: UK-based global early education provider with 850+ centers worldwide, including 222 in Australia and New Zealand
+ Fixed 3% annual rent increases.
+ Tenant pays all usual outgoings including management fees and land tax.
+ Strong trading business, acquired by Busy Bees.
+ Well-maintained centre licensed for 37 LDC places.
+ Strategic location within 650 metres* from Coles anchored Byford Village, ALDI, Dan Murphy’s and Byford Marketplace underpinned by Woolworths.
+ High profile 1,000sqm* corner site, conveniently positioned with direct exposure to Evans Way and Larsen Road and opposite the Marri Grove Primary School.
+ Surrounded by essential social infrastructure, including eight schools within a 3km radius, serving a combined total of 4,450 full-time students..**
+ Byford: One of Perth’s fastest growing localities, and a highly desirable family-oriented suburb providing affordable housing options for young families. Conveniently located 38 kilometres southeast of Perth CBD, Byford provides excellent access to essential retail, commercial, and transport amenities. With a median house price of $515,000, experiencing 21% growth since December 2020. *** The Western Australian government's substantial $797 million investment in the Byford Rail Extension (Metronet) represents its largest commitment to public transport+. This significant funding is poised to further enhance Byford and its amenities.
+ Childcare/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 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform taking effect from July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.****
+ Net Income: $102,058 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 21 February 2024
River Room, Crown Casino, Melbourne
Please contact the exclusively appointed team for more information.
*Approx.
**Gap Maps
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****Australian Government - Department of Education | Childcare Subsidy Reform