357 Skeet Road, Piara Waters WA 6112

Sterling Property, in conjunction with CBRE, are pleased to offer to the market Amica Early Learning, located at 357 Skeet Road, Piara Waters, WA, for sale via Expression of Interest (EOI), closing Tuesday 20th October 2026 at 4:00 pm (AWST). This opportunity has the following key investment highlights:

• Ultra-long twenty (20) year net lease to Amica Early Learning to 2045.
• Three (3) further ten (10) year options to 2075.
• Amica Early Learning: operated and managed by Early Learning Management (ELM), a leading early education provider with 33+ years of experience and 200+ services supported nationally across Australia
• Tenant pays all usual outgoings, including single holding land tax (including trust surcharge) and management fees (capped at 2%).
• Fixed 3% annual rent increases, ensuring consistent rental growth, with market reviews at the commencement of each option term.
• Impressive purpose-built facility licensed for 111 LDC with 26 on-site car spaces.
• As new construction (completed in 2025), offering outstanding depreciation benefits.
• Expansive 2,777 sqm* site in the heart of Perth’s south-eastern growth corridor, 400 metres* from Riva Primary School with an additional six schools within a 2km* radius.
• Strategic location only 800 metres* from the Stockland Harrisdale Shopping Centre, anchored by national tenants, including ALDI, Hungry Jack’s, KFC, McDonald’s and Subway.
• Ideal central location between Nicholson Road and the Tonkin Highway, a key north-south arterial route offering seamless access for commuters to and from Perth, enhancing connectivity and transport convenience, with 29,000+ passing cars per day.^
• Piara Waters: one of Perth’s fastest-growing suburbs with 74.8% growth in the median house price in the last 5-years^^, located just 20km* from Perth’s CBD. With rapid residential development and increasing demand for amenities, Piara Waters is becoming a sought-after area for families and investors alike.^
• City of Armadale: One of Western Australia’s fastest growing municipalities with forecasted 33% population growth by 2046.^^^
• Childcare/Early Education is an essential service asset class with both the Federal and State Governments allocating over $16 billion in funding for FY25, including $3.6 billion to support wages and $1 billion to expand access in underserved areas.
• 3-day guarantee for childcare introduced 5th January 2026, expected to boost overall affordability and accessibility for childcare throughout Australia.
• Net Income: $503,052 pa* + GST**

For Sale by Express of Interest (EOI) Closing Tuesday 20th October 2026 at 4:00 pm (AWST).

Please contact the exclusively appointed team for more information.

*Approx
** from November 2026
^ Gapmaps
^^ REIWA
^^^ Forecast.Id