Sterling Property is pleased to offer to the market the freehold interest in ‘Goodstart Kingsley’ located at 135 Kingsley Drive, Kingsley WA,
The opportunity has the following key investment highlights
– Secure 20-year Lease to 2040 with options to 2060
– Built in growth via 3% annual rent reviews
– Purpose built Childcare centre Licensed for 45-places
– Leased to Australia’s largest provider, Goodstart Early Learning, with 677 locations across all states and territories
– Rare Triple Net Lease structure; tenant pays all outgoings including Structural Repairs & Maintenance
– 1,360sqm site with significant underlying land value and future subdivision potential
– Kingsley is established residential suburb situated 17km from the CBD with a median house price of approx 1.17 million*
– Located within education precinct with 8-primary schools within a 2km radius
– Strong nearby commercial amenity with Kingsley Village Shopping Centre, Woolworths Woodvale & IGA Greenwood all within a 2km radius
– Existing demand for Childcare services within the suburb of Kingsley, with 3.1 children aged 0-5 per licensed place**
– High exposure site with approx 11,088 daily average passing traffic numbers***
– Easily accessible via major transport routes Whitfords Avenue, Hepburn Avenue and Mitchell Freeway
– Currently under rented in today’s market, with reversionary rental upside via market review in 2030
– Building has recently undergone refurbishment works to outdoor yard and external painting
– Childcare/Early Education is an essential service asset class with both the Federal and State Governments allocating over $16 billion in funding for FY25, including $3.6 billion to support wages and $1 billion to expand access in underserved areas
– 3-day guarantee for childcare introduced 5th January 2026, expected to boost overall affordability and accessibility for childcare throughout Australia
– Net passing income: $104,216 plus GST plus outgoings
To discuss your interest, please contact the exclusive selling agents Sterling Property.
*REIWA Suburb profile
**Gap Maps data
***Main Roads traffic data 2024/25
