24-26 Okehampton Road, Warnbro WA 6169

20 YEAR LEASE TO AUSTRALIA's LARGEST CHILDCARE PROVIDER

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.