CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 56-58 Carrington Street (Cnr of Tamar Street) Palmyra WA for sale. A modern and purpose-built childcare centre, centrally located in this prime, inner-metro catchment.

Constructed with uncompromising standards amidst a back-drop of rising construction costs, the subject property offers investors a long-term income stream in a market witnessing declining availability of early learning investments (forecast to drive rapid price growth).

Part of the National Early Learning Collective comprising four (4) premium childcare investments offered individually or in one-line across Victoria, South Australia, and Western Australia.

Nido Palmyra sits within a prime education catchment containing 19 schools within a 3.5km radius and a strong recruitment from the affluent surrounding suburbs.

+ 20 Year Lease to Nov 2041 with (2) two further (10) ten year options to 2061

+ Annual income of $394,209* + Outgoings & GST with annual CPI+1% increases

+ Tenant pays all outgoings including land tax

+ Prominent corner landholding of 2,096sqm* with exposure to major arterial, Carrington Street and circa 9,400 passing cars per day (Main roads WA)

+ Purpose-built, 92-place childcare facility, completed in 2021 offering considerable depreciation benefits

+ Single-storey improvements and ‘Activity Centre’ zoning provides strong underlying land value and potential for expansion or redevelopment in the future

+ Leased To Nido Early School - A brand synonymous with success and powerhouse national operator featuring 99 centres in operation or the development pipeline across Australia

LOCATION

+ Located on a high-profile corner just off the local commercial hub, the property is positioned on a major arterial road, providing easy accessibility from surrounding suburbs

+ Palmyra is one of the most keenly sought-after family suburbs of the inner metro south, sitting between the bustling port city of Fremantle to the west and higher-priced riverfront suburbs to the north

+ Conveniently located within proximity of a range of retail and amenity including Hawaiian's Melville, Bicton Central Shopping Centre, Melville Central & Woolworths Palmyra

For Sale via Expressions of Interest Closing Thursday 15th February at 2:00pm (AEDT)

For further information, please contact the exclusive sale and marketing agents:

Sandro Peluso
+61 418 389 7...

Jimmy Tat
+61 439 399 118

Marcello Caspani-Muto
+61 417 065 7...

Derek Barlow
+61 417 941 4...

Chloe Mason
+61 466 610 729

approx*