SOLD

14 Duncombe Grove, Quinns Rocks, WA 6030

Affordable Childcare Investment | Leased to Listed Tenant

+ 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