38 Paterson Street, Mundijong, WA 6123

parkingSpaces 9
|Medical/Consulting
|Other
Offers Invited
Offers Invited
Published on: 25 Jun 2025
Last updated on: 21 Jul 2025
38 Paterson Street, Mundijong, WA 6123
38 Paterson Street, Mundijong, WA 6123
38 Paterson Street, Mundijong, WA 6123
+18
38 Paterson Street, Mundijong, WA 6123
  • 18
Property ID: 504893448
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Key property information

Land Size
1,014.00 m2
Floor Area
1.00 m2
Parking Spaces
9

Brand-New Boutique Childcare Investment Located in High Growth Corridor

38 Paterson Street, Mundijong, WA 6123
Sterling Property & Harrper Projects as joint-exclusive selling agents are pleased to present 38 Paterson Street, Mundijong (WA); For Sale by Offers Invited.

This boutique 50-place childcare centre is strategically positioned within the Mundijong Town Centre on the prominent high exposure Paterson Street, surrounded by strong amenity adjoining the local medical practice and pharmacy, directly opposite the Mundijong train station, 180m to Mundijong IGA and only 300m to Mundijong Primary School.

•	15 Year lease expiring 2040 with 1 x 15-year option to 20255
•	Brand-New single level 50-place Purpose Built Childcare Centre 
•	Mundijong a high growth catchment expected to grow by 10.6% pa over next 25-years
•	Securely leased to Jelly Tots Early Learning Centres Pty Ltd t/a Jelly Tots Mundijong
•	Jelly Tots Early Learning; a growing multi-site operator with other Centres in North Perth & South Yunderup
•	Extension of Tonkin Highway to Thomas road to improve connectivity to the suburb and facilitate future growth
•	Located in Town Centre 300m local primary school and nearby to local shopping centre, Medical Centre & train station
•	Nearby to Parcel Property's Mundi estate, set to deliver approx 1,900 lots, with Stage one now selling
•	Tenant pays all outgoings including land tax and property management 
•	Built in rental growth via 3% annual rent increases 
•	Significant depreciation benefits
•	Net Income: $212,500 pa + GST

Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns

To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents Sterling Property or Harrper Projects.

Property Details

Basic Info

Property Type
Medical/ConsultingOther
Listing Status
On Market
Parking Spaces
9
Land Size
1,014.00 m2
Address
38 Paterson Street, Mundijong, WA 6123
Paul Perin
Harrper Projects
2/102 Beaufort Street, Perth, WA 6000
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Contact Agent

Harrper Projects

2/102 Beaufort Street, Perth, WA

Paul Perin
Paul Perin

Sterling Property Co

Suite 6, 388 Hay Street, Subiaco, WA

Jake Wallman
Jake Wallman
Simon Brady
Simon Brady
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      Property ID: 504893448

      Original Property ID: 504893448
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