Western Australian child care portfolio scheduled for auction

Western Australian child care portfolio scheduled for auction
Western Australian child care portfolio scheduled for auction

A portfolio of three, established child care centres across Perth and regional WA are set for auction at the end of August  

The three centres in Inglewood, Hilbert and Vasse offer solid income streams with long term leases in place to well established operators. 

All three are less than 12 months old and are located in either well established or growing catchment areas.

Knight Frank agent Tony Delich, said the portfolio would appeal to a broad cross-section of funds and private investors.

“Smaller self-managed super funds in particular are looking for yield and security as opposed to leaving funds in bank deposits.” 

Western Australian child care portfolio scheduled for auction

Mr Delich said this portfolio had significant appeal due to its geographic spread with inner-city Inglewood, semi-rural, south-east suburban fringe suburb Hilbert and south-west growth area Vasse.

He said the Inglewood centre had an corner location on Beaufort Street and also included a retail tenancy.

“It is a brand new, three level building with a net income in excess of $350,000pa,” Mr Delich said.

“The Vasse centre is run by a well established child care operator and returns an income of $214,800, while the Hilbert centre is opposite a future primary school site in a huge growth locality in the City of Armadale and returns an income of $217,500.” 

Mr Delich said the properties would be auctioned separately on August 28.

Tags: 
Western Australia Childcare

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