Yanchep essential services investment trades on 6.8pc yield
A gym and childcare centre investment, part of a master-planned community at Yanchep, 50 kilometres north of Perth, sold for $6.8 million.
The deal for 5 Ikara Lane reflects a 6.86 per cent net passing yield.
It contains a recently completed 579 square metre, 68-place childcare centre leased to Buttercups until 2039 (then with three 10 year options) and a 557 sqm EOFit Gym committed until 2034, or 2044 with options.
Both agreements include fixed annual 3pc rent rises.
The incoming owner, a private investor, will also be able to claim depreciation benefits.
The site spreads 3388 sqm with 36 car parks near an Aldi, Coles, McDonald’s and Woolworths.
Adam Thomas, Natalie Couper and Richard Georgi of Burgess Rawson, which is being taken over by CBRE, with Sterling Property’s Jake Wellman were the agents.
“Located within the Yanchep Junction master-planned estate and close to local schools and national retailers, the sale…reflects growing investor confidence in alternative sectors underpinned by strong demographics and policy support,” they said.
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