A trio of WA childcare centres will go under the hammer this month through Knight Frank.

The three centres in Inglewood, Hilbert and Vasse offer income streams with long term leases in place to well-established operators.

All three are less than 12 months old and are located in either well established or growing catchment areas.

At a glance:

• A portfolio of WA childcare centres are to be auctioned off separately through Knight Frank on Wednesday, August 28 
• The three centres in Inglewood, Hilbert and Vasse are less than 12 months old.
• All three centres offer income streams with long term leases in place to well-established operators.

Knight Frank Director of Capital Markets – WA, Tony Delich, said the portfolio would appeal to a broad cross-section of funds and private investors looking to either enter the childcare sector or expand on existing portfolios.

“At the current level of low bank interest rates on investors’ funds these centres offer a sound, long term alternative and higher-yielding investment,” Mr Delich said.

“Smaller self-managed super funds, in particular, are looking for yield and security as opposed to leaving funds in bank deposits.”

Mr Delich said this portfolio had significant appeal due to its geographic spread with inner-city Inglewood, semi-rural, south-east suburban fringe suburb Hilbert and south-west growth area Vasse.

"The Inglewood centre has an ideal corner location on Beaufort Street and also included a retail tenancy," he said.

“It is a brand new, three-level building with a net income in excess of $350,000 per annum.

“The Vasse centre is run by a well-established childcare operator and returns an income of $214,800, while the Hilbert centre is opposite a future primary school site in a huge growth locality in the City of Armadale and returns an income of $217,500.”
 
The properties will be auctioned separately on Wednesday, August 28 at 11am.

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