18 Fraser StreetGingin WA 6503
Property Details for 18 Fraser St, Gingin
Last Listing description (December 2022)
Burgess Rawson is pleased to offer to the market, 18 Fraser Street, Gingin WA for sale.
This investment has the following key investment highlights:
+ Renewed 5 year net lease to Gingin Early Learning to 2026
+ Gingin Early Learning: long established business of 17+ years offering care for children aged 6 weeks to 5 years, plus an additional OSHC service.
+ Annual CPI rent reviews.
+ Tenant pays all usual outgoings including land tax and management fees.
+ Well-maintained childcare centre licensed for 53 LDC places.
+ Strategic 1,184sqm site positioned metres from Gingin District School, educating over 260 full-time students aged from Prep to Year 12.
+ Shire of Gingin: one of the fastest growing rural municipalities in Western Australia, forecast to grow to 7,900 residents by 2031, an increase of over 37%(1).
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*.
+ Net Income: $55,000 pa + GST.
For Sale by Private Treaty
Please contact the exclusively appointed Burgess Rawson team for more information.
1 Shire of Gingin
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property History for 18 Fraser St, Gingin, WA 6503
- 17 Oct 2022Sold for $930,000
- 16 Aug 2022Listed for Sale Price on Request
- 23 Jun 2015Sold for $440,000
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About Gingin 6503
The size of Gingin is approximately 9.4 square kilometres. It has 3 parks covering nearly 1.5% of total area. The population of Gingin in 2011 was 742 people. By 2016 the population was 864 showing a population growth of 16.4% in the area during that time. The predominant age group in Gingin is 0-9 years. Households in Gingin are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gingin work in a labourer occupation. In 2011, 64.5% of the homes in Gingin were owner-occupied compared with 72.8% in 2016.
Gingin has 744 properties. Over the last 5 years, Houses in Gingin have seen a 71.49% increase in median value. As at 30 November 2024:
- The median value for Houses in Gingin is $571,280 while the median value for Units is $161,304.
- Houses have a median rent of $325.
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