Progress is moving along at a great pace with the child care centre development in Wembley, Perth, put together by Property Wizards.
This a commercial property investment Property Wizards acquired for our buyer’s agency clients. After thorough due diligence, we bought the land and arranged contracts for construction of the centre and leasing to a national blue-chip tenant. By creating the investment from scratch, we ensured a high-quality build and an enhanced return for our client’s long-term investment.
The Development Project
A stunning, double-storey centre of brick construction is being built. It is designed to integrate with the surroundings in the high-quality suburb of Wembley. Construction is due for completion 30 September 2020.
Progress timeline so far
- Building permit issued 27/3/20
- Construction started 30/3/20
- Site works complete 3/4/20
- Slab down 15/4/20
Brickwork is now underway and Codiv-19 restrictions have not hampered progress at all, with contractors sticking to the builder’s required hygiene and safety measures.
Property Wizards is delighted to be associated with a project that’s providing much-needed work for West Australians.
Child Care Centre Property Investments
Child care centre property investments are gaining popularity due to solid returns and long-term leases, underpinned by government support for the sector and increasing demand for the services. Despite Covid-related interruptions to this sector, market participants are confident of a return to normal and continuing growth.
With the cash rate low and unlikely to increase in a hurry, investors are looking elsewhere for yield and this sector could provide a safe and solid alternative. The best quality centres and leases require investments of $3 to 5 million and because there is such variation in quality and risk, thorough due diligence is essential. Property Wizards has acquired a number of child care centres for buyer’s agency clients, both existing centres and those to be constructed from scratch.
Great things are happening in Perth!
If you have any questions about the Perth property market, please call us on 08·9381·7450 or enquire here.
To learn more about buying property safely in the current environment, please enquire on our Covid-19 safe buying page.
If you’d like to enquire about finance, call us on 08·9381·7450 or download our Finance Services information.
You will have Australia’s Buyer’s Agent of the Year on your side, using their experience and skills to ensure you get the home you want at the best possible price.
If you want to learn more about property investment strategies, or you’d like to clarify your investment strategy and goals, why not request our 4 Strategies Download to get the ball rolling.
Property Wizards believes everyone has the right to the knowledge to help you accumulate wealth, no matter your background, education or income.
We can help you unlock the potential of the real estate market for your family through savvy property selection, and negotiation.
Regardless of market conditions, our research, local knowledge, and access to silent sales means we find the ‘hidden gems’ that can outperform the market in capital growth and rental returns for long term wealth creation. Importantly, we’re able to provide property investors and homebuyers with the same level of representation that property sellers have benefited from for years.
Your property portfolio is your path to financial freedom and the lifestyle you’ve been longing for.
Property Wizards takes away the stress of buying a property and saves you money at the same time. We can show you how, or you can sit back and let us do all the hard work for you. It really depends on the amount of time you’d like to put in.
If you have an interest in building your wealth through property, then call us on (08) 9381-7450, or send us a contact request.
And, if you’re already contemplating how to tackle the property market in Perth, why not download our free Property Investing – A Beginners Guide.
We think you’ll find it invaluable.