Share this property

14 Duncombe Grove Quinns Rocks, WA 6030

Directions

14 Duncombe Grove,
Quinns Rocks, WA 6030

Shop & Retail • Medical & Consulting • Other

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Map of 14 Duncombe Grove

Directions

Affordable Childcare Investment | Leased to Listed Tenant

  • 20 + 10 + 10 Year Triple Net Lease
  • Sparrow: Market Cap HK$3.35B
  • Minimum 3% annual rent increases
+ 20 year Triple Net Lease to Sparrow Early Learning to 2036
+ Two further 10 year options to 2056
+ Sparrow Early Learning: 59 centres nationally and a subsidiary of Fullshare Holdings Ltd, listed on the Hong Kong Stock Exchange (SEHK:607), with offices in China, Hong Kong, Singapore, and Australia, and with a Market Cap of HK3.35 billion
+ Triple Net Lease: Tenant pays 100% of outgoings including: all maintenance (both capital and structural),land tax, rates, management fees and insurance
+ Minimum 3% annual rent increases with ratchet provisions at market review, ensuring rental growth
+ Purpose – built child care facility licensed for 72 LDC places
+ Strategically positioned within significant education precinct (18 schools within a 3km radius)
+ Quinns Rocks: popular coastal suburb only 38 kilometres north from the Perth CBD
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector in the 2019/20 financial year
+ Net Income: $145,865 pa + GST and outgoings

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

Also available for sale within the portfolio:
57 Yvette Street, Kelso QLD
https://bit.ly/3dYwQPj

Explore property virtually

Video

Property ID: 503771650Last Updated: 1 Jun 2021

realcommercial.com.au logo
14 Duncombe Grove
Quinns Rocks, WA 6030
Burgess Rawson - Perth
Level 10, 225 St Georges Terrace
PERTH, WA 6000
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Burgess Rawson - Perth

Other properties you might be interested in based on the location and property type you are looking at.