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Strategic Childcare Investment in High Growth Location

89 Narran Street, Hilbert WA

Property Highlights

15 + 10 year net lease to 2044
Fixed 3% annual rent increases
1,913 sqm corner site

Description

+ 15 + 10 year net lease to 2044
+ Strategic 1,913 sqm corner site opposite future primary school
+ Desirable 3% annual rent increases
+ Tenant pays all usual outgoings including Land Tax and management fees
+ ‘One of a kind’ caterpillar design child care facility licensed for 87 LDC places
+ New construction with substantial taxation savings benefits
+ City of Armadale: one of Western Australia’s fastest growth areas – forecast population increase of 60% to 151,896 residents by 2041
+ Net Income: $224,025 pa +GST

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Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,913 SQM
Building Area
1 SQM

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