Child Care Investment Opportunity to Wellard

• Near new, circa 2021 constructed single level childcare centre
• Tenant is Lex Education Group (private WA company with 14+ centres trading under multiple brands – Kinderpark is their main brand)
• 64 licensed places
• Brand new 15 year lease plus options
• Fixed 3% reviews, market at option
• Rent $233,600 per annum plus GST plus outgoings
• Rent equates to $3,650/ place + GST + outgoings
• Excellent location on Bertram Road (which becomes Mortimer Road) and adjoins the Kwinana Freeway to the east and residential catchment to the west
• Situated adjacent to The Kings College which is a K-12 school
• Centre is currently 'full' with a waitlist