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636 Newcastle Street
Leederville WA 6007

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1262m2
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Prime Childcare Investment in CBD Fringe Location

The Foundry is located at a prime Newcastle Street location, enjoy all the benefits of central living without the CBD's hustle and bustle. With immediate access to the North & South Freeways, just a short walk to the train station, and surrounded by a vibrant mix of cafés, restaurants, and retail options, The Foundry is an ideal spot for your business to flourish.
Situated less than 3 km from the Perth CBD, The Foundry provides easy city connectivity and a relaxed urban village feel. Commute by cycling along extensive bike paths or take one of the area's numerous bus routes. Explore a precinct known for its delicious and diverse culinary offerings during lunch breaks.
Key Investment Highlights:
• 15-year lease until May 2038, with options extending to 2048
• Leased to YCC (WA) Pty Ltd as trustee for YCC (WA) Unit Trust, trading as Tall Tree Childcare Early Learning
• Net Income: $342,792 p.a.*
• Net lease terms with tenant covering all outgoings
• Annual fixed 3.5% rent increases ensuring steady income growth, with ratchet provisions at the start of each option term
• Licensed for 92 LDC Places
This fantastic opportunity allows investor to acquire a high-quality asset in a dynamic inner-city location.
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Property Details for 636 Newcastle St, Leederville

Building Type
Commercial
Floor Size
1262m2

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About Leederville 6007

The size of Leederville is approximately 1.5 square kilometres. It has 5 parks covering nearly 23.1% of total area. The population of Leederville in 2011 was 2,944 people. By 2016 the population was 3,146 showing a population growth of 6.9% in the area during that time. The predominant age group in Leederville is 30-39 years. Households in Leederville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Leederville work in a professional occupation. In 2011, 52.8% of the homes in Leederville were owner-occupied compared with 50.7% in 2016.

Leederville has 2,398 properties. Over the last 5 years, Houses in Leederville have seen a 76.79% increase in median value, while Units have seen a 69.60% increase. As at 30 November 2024:

  • The median value for Houses in Leederville is $1,514,265 while the median value for Units is $702,731.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 29 properties listed for sale, and 12 properties listed for rent in Leederville on OnTheHouse. According to CoreLogic's data, 122 properties were sold in the past 12 months in Leederville.

Suburb Insights for Leederville 6007

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Lily Chong
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IQI WA Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.