24 Korovin DriveAshby WA 6065
Property Details for 24 Korovin Dr, Ashby
Last Listing description (April 2024)
-75 place Childcare Centre property
-Rent per annum $203,317
-Long Lease 2033
-Brick construction
-32 min (30.4 km) to Perth CBD
-Great location- Family friendly suburb
-Strong secure ROI 6.6%
-In High Demand as Property Investment
-National Group operator as tenant
The property is located in Ashby. A very popular suburb with young families with many new house builds under construction in the area, catering for young families only 32 minutes from the CBD.
This property offers a lease to 2034 with a current rent of $203,317 per annum. A high ROI of 6.6% makes this investment opportunity extremely good value.
Currently licensed for 75 places. The tenant is a large National childcare operator. One of the largest childcare group operators in Australia.
Freehold childcare properties are always in high demand as commercial investment opportunities due to the security they offer landlords that comes from the businesses having guaranteed income from government funding. Childcare property rents are calculated on the license number of the business, not the local commercial rent per sqm. This can often result in childcare property rents being up to 30% higher than equivalent size commercial premises in the same suburb/area.
Rarely do Childcare freehold properties come to market. This property is located in a great suburb for young families ensuring the business has strong occupancy.
For more information you can contact Angela at angela@advancebusinessbrokers.com
Property History for 24 Korovin Dr, Ashby, WA 6065
- 13 May 2024Sold for $3,000,000
- 16 Jan 2024Listed for Sale $3,099,000
- 07 May 2005Sold for $390,000
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About Ashby 6065
The size of Ashby is approximately 1.4 square kilometres. It has 9 parks covering nearly 18.1% of total area. The population of Ashby in 2011 was 2,393 people. By 2016 the population was 2,656 showing a population growth of 11.0% in the area during that time. The predominant age group in Ashby is 0-9 years. Households in Ashby are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashby work in a professional occupation. In 2011, 82.7% of the homes in Ashby were owner-occupied compared with 79.5% in 2016.
Ashby has 1,076 properties. Over the last 5 years, Houses in Ashby have seen a 71.93% increase in median value, while Units have seen a 90.45% increase. As at 31 August 2024:
- The median value for Houses in Ashby is $808,722 while the median value for Units is $407,635.
- Houses have a median rent of $650 while Units have a median rent of $251.
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