357 - 359 Benara Road, Morley WA 6062

HIGH EXPOSURE 1,528 SQM DEVELOPMENT SITE & CHILDCARE OPPORTUNITY

Sterling Property is pleased to present for sale 357–359 Benara Road, Morley, a highly versatile and strategically located asset offered with vacant possession.

Currently improved with a 38-place childcare centre, this asset presents a compelling opportunity for a range of buyer profiles including residential developers/builders, childcare owner-operators and childcare developers/investors.

Opportunity Highlights:

?? Expansive 1,528 sqm regular shaped site*
?? R25 zoning supporting subdivision potential of up to 4 residential lots (STCA)
?? Existing 38-place licensed Long Day Care Centre with scope to extend/refurbish
?? Underutilised yield with potential to expand to 65+ places (STCA)
?? Morley Median House Price $900,000 with growth of 12.5% over past 12 months.
?? High exposure location with 14,000+ daily average passing traffic numbers**
?? 7 primary schools within 2km, underpinning long-term demand
?? Strong childcare demand with Gap Maps*** ratio of 3.1 (Morley) and 3.9 (postcode 6062)
?? Vacant possession, providing flexible value add or redevelopment options

*Approximate
**According to Main Roads Traffic Data
***According to Gap Maps data

Inspections are available by private appointment.

357 - 359 Benara Road, Morley is For Sale via Offers Invited.

To request the IM or discuss your interest, please contact the exclusive Selling agents.