Sterling Property

Sold | Allied Health & Residential Site in Greenwood

Sterling Property is pleased to announce the sale of 291 & 295 Warwick Road, Greenwood, with the combined 2,234sqm site transacting at $2,950,000, reflecting $1,320/sqm on improved land. The competitive campaign drew strong interest, ultimately selling to a future allied health owner-occupier attracted by the approved Medical Centre use across both lots.

The result highlights continued demand from owner-occupiers seeking to secure their own premises in established northern corridor locations.

To discuss medical or development opportunities in the northern suburbs, contact Senior Partners Jack Bradshaw on 0439 095 336 or Jake Wallman on 0403 975 298.

Last Saturday, the Sterling team were at Revo Fitness Stadium for another Sterling Sprint and this one was special. 🏁

Claremont Football Club celebrated their centenary in front of a massive home crowd, and we were proud to be part of it. A huge occasion for a club that means so much to this community.

Congratulations to our Sterling Sprint winner on the day, you ran a great race in front of one of the biggest crowds of the season!

The Tigers couldn't quite get the chocolates on the scoreboard, going down to East Perth 6.4 (40) to 11.13 (79), but the result did nothing to dampen a remarkable day celebrating 100 years of Claremont Football Club.

What a privilege to be part of it. More to come. 🎥

Sold | Childcare Investment in Kingsley

Sterling Property has completed the sale of 135 Kingsley Drive, Kingsley for $2,350,000, securing a Goodstart Early Learning tenanted childcare centre on a rare triple net lease to 2040 with options extending to 2060.

The 45-place purpose-built facility returns $104,216 net pa with 3% annual rent reviews leased to Australia's largest childcare operator nationally, Goodstart Early Learning, presented a highly sought-after covenant for both local and interstate investors, with 5-year market rent reviews providing built-in reversionary upside.

To discuss childcare investment opportunities, contact Senior Partner Jake Wallman on 0403 975 298 or Partner Simon Brady on 0407 486 401.