Record-breaking $7.32 million sale reflects investor appetite for premium childcare assets
Sterling Property Senior Partner Jake Wallman has brokered the off-market sale of a premium childcare centre at 53 Rathmines Street, Clarkson, for $7.32 million, marking one of the largest individual childcare transactions ever recorded in Western Australia.
The 116-place, single-level centre tenanted by national operator Green Leaves Early Learning was sold on behalf of national developer Accord Property and acquired by a private investor with MMJ Real Estate introduced the buyer.
Positioned on an elevated 3,067sqm site within Satterley’s master planned Catalina Estate, the purpose-built centre benefits from strong fundamentals including a 20-year lease term with two 10-year options, net annual rent of $446,000 plus GST and outgoings, and fixed 3% annual increases. The sale reflects a passing yield of 6.10%.
Mr Wallman said the transaction demonstrated the resilience and depth of demand in the early learning investment sector.
“This result underscores the continued confidence in well-located childcare investments, particularly those leased to national operators on long-term agreements,” Mr Wallman said.
“We’re seeing increasing activity in the $7 million-plus bracket, especially from private investors seeking stable, income-generating assets backed by strong covenants. The Clarkson centre is directly opposite a planned local centre and is easily accessible via the Mitchell Freeway, placing it within Perth’s fast-growing northwest corridor.
The deal sets a new benchmark following the $7.2 million sale of the Nido Early School in Maylands in September 2024, also brokered by Sterling Property, which previously held the title for the state’s largest individual childcare sale. It also ranks as one of the sharpest yields achieved for a WA childcare asset over $7 million in recent history.
The Clarkson transaction represents the tenth childcare centre sold by Sterling Property in 2025, with sales totalling more than $50 million year-to-date.
The firm has also secured unconditional contracts on additional childcare assets in Willetton and Joondalup, scheduled to settle later this month.
To discuss buyer demand or pricing benchmarks in the childcare investment market, contact Jake Wallman on 0403 975 298.
