17 Kingsway, Madeley, WA 6065

Sterling Property is pleased to present the freehold interest in 17 Kingsway, Madeley WA, For Sale by Offers Invited.

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

KEY INVESTMENT HIGHLIGHTS
🔹 Secure lease to 2034 plus 2 x 5-year options through to 2044
🔹 Leased to Goodstart Early Learning, Australia’s largest childcare provider 
🔹 Established 72-place childcare centre
🔹 An established childcare service with a strong reputation within the local community
🔹 Favourable rent increases of CPI or 3%, whichever is greater
🔹 Rare triple net lease – tenant pays all outgoings and capital repairs/maintenance
🔹 Substantial 1,755sqm site with strong underlying land value
🔹 Madeley median house price of approximately $1.2 million, with 20% growth over the past 12 months
🔹 Uncapped market rent review every 5 years, with the next review due 9 October 2028
🔹 Goodstart has recently invested approximately $300,000 + GST into capital improvements
🔹 Madeley median house price of approximately $1.2 million, with 20% growth over the past 12 months
🔹 Nine primary schools located within a 3km radius, supporting strong underlying childcare demand
🔹 Convenient access to Wanneroo Road, with more than 35,000 vehicles passing daily
🔹 Close proximity to Kingsway Shopping Centre, Kingsway Regional Sporting Complex and Wangara Industrial Precinct
🔹 Net Income: $225,109 pa + GST + outgoings

For further information or to arrange an inspection, please contact the exclusive selling agents at Sterling Property.