Sterling Property is pleased to present the freehold interest in 24-26 Okehampton Road, Warnbro WA, For Sale by Offers Invited closing Thursday 5th November 2026 (unless sold prior).

This opportunity represents a secure, entry-level childcare investment underpinned by a 20-year lease to Goodstart Early Learning, Australia’s largest childcare provider, with a rare triple net lease structure.

KEY INVESTMENT HIGHLIGHTS
🔹 Secure 20-year lease to 2040 plus 2 x 10-year options extending to 2060
🔹 Leased to Goodstart Early Learning, Australia’s largest childcare provider with over 600 locations nationally
🔹 Rare triple net lease structure, with the tenant responsible for all outgoings including structural repairs and maintenance
🔹 3% annual fixed rent increases providing built-in income growth
🔹 Currently under rented in today’s market, with market rent reviews every five years and the next review scheduled for 1 April 2030
🔹 Purpose-built childcare centre licensed for 47 places
🔹 Substantial 1,327sqm corner landholding with 11 dedicated onsite car bays
🔹 Established trading history and strong local brand recognition under the Goodstart banner
🔹 Strategically positioned close to Warnbro Primary School, Warnbro Community Recreation Centre and Warnbro Central Shopping Centre
🔹 Located less than 10 minutes from Rockingham Town Centre
🔹 Positioned within the Rockingham region, which is set to benefit from significant investment associated with the expansion of HMAS Stirling and AUKUS
🔹 The Australian Government is investing up to $8 billion over the next decade to expand HMAS Stirling, with approximately 3,000 direct jobs expected to be created
🔹 Approximately 1,200 international military personnel and their families are expected to move into the wider region from 2027
🔹 Net passing income of $127,395 pa + GST + outgoings

Childcare remains an essential service asset class, with this opportunity offering a combination of a nationally recognised tenant covenant, long-term income security, annual rental growth and potential reversionary upside.

For further information or to arrange a private inspection, please contact the exclusive selling agents at Sterling Property.
*REIWA, last 12 months.