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Burgess Rawson  - Perth

1 Forrest Road Padbury, WA 6025

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1 Forrest Road,
Padbury, WA 6025

Medical & Consulting • Shop & Retail • Other

Price information

Sale - Auction Wed 24 Jun

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$298,287
Number of Tenants
1 Tenant
Tenants / Type
Childcare

Auction

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Burgess Rawson  - Perth
1 Forrest Road
Padbury, WA 6025
Burgess Rawson  - Perth
Christopher Carcione
Andrew McKerracher

Burgess Rawson - Perth

Level 10, 225 St Georges Terrace
PERTH, WA 6000

Map of 1 Forrest Road

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Blue Chip Childcare Investment Leased to ASX Listed Tenant

  • 20 + 10 + 10 year lease to 2060
  • Moelis: Market Cap $490 million
  • Prominent 1,737 sqm main road site
Burgess Rawson is pleased to present a brand new childcare asset located in Padbury, WA. Leased to a wholly owned subsidiary of Moelis Australia (ASX Listed, $490m market cap and $5bn in funds under management), operated and managed by one of the country’s leading ASX listed education providers Think Childcare Limited under their premium brand Nido Early School, with 78 centres nationally offering world-class education philosophy focusing on early childhood experiences and education.

Investment highlights:
+ Secure 20 year net lease to 2040
+ Two further 10 year options to 2060
+ Nido Early School: operated and managed by Think Childcare (ASX:THK) under their premium brand with a network of 78 centres nationally
+ CPI + 1% annual rent increases with market review at the commencement of each further term
+ Tenant pays all usual outgoings
+ State-of-the-art 1,017 sqm multi-storey child care facility licensed for 82 LDC places
+ Prominent 1,737 sqm corner site with exposure to Marmion Avenue - 37,255 vehicles passing daily
+ Strategically located 400 metres from Padbury Primary School and 700 metres from Westfield Whitford City Shopping Centre underpinned by Coles, Bunnings + 238 specialty retailers
+ New construction with substantial taxation depreciation benefits
+ Net Income: $298,287 pa + GST and Outgoings

Auction 10:30am AEST Wednesday 24 June 2020

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Property ID: 503555502Last Updated: 29 May 2020

Agency contacts

Burgess Rawson  - Perth
Burgess Rawson - Perth
Level 10, 225 St Georges Terrace
PERTH, WA 6000
View agency profile
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
View agency profile
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Christopher Carcione

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Christopher Carcione
Burgess Rawson - Perth
1 Forrest Road Padbury, WA 6025

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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