Address available on request,
East Cannington, WA 6107

240 Station Street, East Cannington is 2286 square metre green title block of land zoned residential R - 15 with a fully operative Child Care Centre. It is strategically situated at the corner of Station Street and Luyer Avenue in East Cannington with close access to major arterial roads such as Welshpool Road and Roe Highway.

Improvements comprise of two solid brick buildings fully appointed for Child Care purposes set in landscaped and fenced playgrounds with additional amenities and storage buildings having an approximate building area of 554 square metres.

The Sale is subject to a Lease back from the current Child Care operator on the following terms and conditions:
- Tenant: YMCA of Perth Inc.
- Net Rental: $85,000
- Lease Commencement: At settlement
- Lease Term: 5 Years
- Option Periods: 5 + 5 Years
- Outgoings: Paid by tenant
- Rent Reviews: Annual to CPI with fair market upon exercise of options

Traditionally Child Care sites have been considered as a Blue Chip / Growth Investment with Child Care being subsidised at Government level. The site is licensed for 62 children including long term and after school Child Care.

For Further Information please see the attached PDF brochure or contact: Xavier Martinez on (08) 9470 97... or xmartinez@portermatthews.com.au