38 Paterson Street, Mundijong WA 6123

Sterling Property & Harrper Projects as joint-exclusive selling agents are pleased to present 38 Paterson Street, Mundijong (WA); For Sale by Offers Invited.

This boutique 50-place childcare centre is strategically positioned within the Mundijong Town Centre on the prominent high exposure Paterson Street, surrounded by strong amenity adjoining the local medical practice and pharmacy, directly opposite the Mundijong train station, 180m to Mundijong IGA and only 300m to Mundijong Primary School.

• 15 Year lease expiring 2040 with 1 x 15-year option to 20255
• Brand-New single level 50-place Purpose Built Childcare Centre
• Mundijong a high growth catchment expected to grow by 10.6% pa over next 25-years
• Securely leased to Jelly Tots Early Learning Centres Pty Ltd t/a Jelly Tots Mundijong
• Jelly Tots Early Learning; a growing multi-site operator with other Centres in North Perth & South Yunderup
• Extension of Tonkin Highway to Thomas road to improve connectivity to the suburb and facilitate future growth
• Located in Town Centre 300m local primary school and nearby to local shopping centre, Medical Centre & train station
• Nearby to Parcel Property’s Mundi estate, set to deliver approx 1,900 lots, with Stage one now selling
• Tenant pays all outgoings including land tax and property management
• Built in rental growth via 3% annual rent increases
• Significant depreciation benefits
• Net Income: $212,500 pa + GST

Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns

To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents Sterling Property or Harrper Projects.