Burgess Rawson is pleased to offer to the market 2 Esperance Avenue, Dawesville, WA for sale.

This opportunity has the following key investment highlights:

+ 15-year net lease to Bloom Early Education to 2039.
+ Four further five-year options to 2059.
+ Bloom Early Education: experienced operator with 7 centres and 4 more opening soon
+ Fixed 4% annual rent increases.
+ Tenant pays all usual outgoings including management fees and land tax.
+ 97 LDC place undergoing extensive capital upgrades, offering significant depreciation benefits.
+ Strategic location within 350 metres* from the Coles anchored retail precinct.
+ Prominent 2,714sqm* site, conveniently positioned adjacent to St Damien’s Catholic Primary School and within metres of Ocean Road Primary School
+ City of Mandurah: The City of Mandurah is home to more than 120,000 people and has been increasing rapidly with an average increase of 1,500 new residents each year over the past five years. the population is forecast to increase to over 120,000 residents by 2036).***
+ 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 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.^^^
+ Net Income: $256,730 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 27 March 2024
Crown Casino - River Room

Please contact the exclusively appointed team for more information.

*Approx.
**Gap Maps
***forecast.id
^^^Australian Government - Department of Education | Childcare Subsidy Reform