386 Morrison RoadSwan View WA 6056
Property Details for 386 Morrison Rd, Swan View
Last Listing description (April 2024)
-70 place Childcare Centre property-Rent per annum $210k -Long Lease to 2053-Large premises of 2023 sqm-31 min from Perth CBD-Strong secure ROI 6.8%-In High Demand as Property Investment-Great location - popular family suburb-Large WA childcare group operator as tenantThis is a rare and outstanding opportunity to secure a large childcare property in the popular scenic family suburb of Swan View. Located 25 kms east of Perth.This property offers a long lease to 2053 with a current rent of $210k per annum.Currently licensed for 70 places and leased to one of Perth's largest Childcare group operators. Thus offering a landlord a secure long term tenant.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.For more information you can contact Angela ar angela@advancebusinessbrokers.com
Property History for 386 Morrison Rd, Swan View, WA 6056
- 03 Apr 2024Sold for $3,000,000
- 16 Jan 2024Listed for Sale $3,099,000
- 09 May 2004Sold for $255,000
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About Swan View 6056
The size of Swan View is approximately 7.5 square kilometres. It has 36 parks covering nearly 20.1% of total area. The population of Swan View in 2011 was 8,025 people. By 2016 the population was 7,904 showing a population decline of 1.5% in the area during that time. The predominant age group in Swan View is 50-59 years. Households in Swan View are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Swan View work in a trades occupation. In 2011, 75.4% of the homes in Swan View were owner-occupied compared with 76.5% in 2016.
Swan View has 3,848 properties. Over the last 5 years, Houses in Swan View have seen a 110.64% increase in median value, while Units have seen a 137.73% increase. As at 31 October 2024:
- The median value for Houses in Swan View is $658,487 while the median value for Units is $403,839.
- Houses have a median rent of $600 while Units have a median rent of $435.
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