10/38 The Promenade Australind WA 6233
Property Details for 10/38 The Promenade, Australind
Last Listing description (June 2023)
Burgess Rawson is pleased to offer to the market, 38 The Promenade, Australind (Bunbury) WA for sale via our Investment Portfolio Auction 160.
This opportunity has the following key investment highlights:
+ New 15 year net lease to Young Bucks ELC to 2038.
+ Young Bucks ELC: established operator with three Western Australian locations.
+ Fixed 3% annual rent increases.
+ Tenant pays all outgoings including land tax, insurances, rates, and management fees.
+ Two storey child care centre licensed for 61 LDC places.
+ New construction with significant depreciation benefits.
+ Strategically situated amongst an expanding retail precinct, adjoining the Woolworths-anchored Treendale Shopping Centre, and within metres from McDonald's, Hungry Jacks, KFC, and Bunnings.
+ Located within an important schooling precinct northeast from Bunbury CBD 8 schools within a 3 kilometre radius.
+ Greater Bunbury: the economic hub of the south-west region of Western Australia with a Gross Regional Product (GRP) of $7.17 billion (2021-22), including $1.7 billion of infrastructure projects planned to deliver a 'Digital City'.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.
+ Net Income: $249,600pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne
*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property History for 10/38 The Promenade, Australind, WA 6233
- 20 Jul 2023Sold for $3,700,000
- 13 Apr 2023Listed for Sale Price on Request
- 16 Dec 2021Sold for $1,650,000
Recent sales nearby
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0About Australind 6233
The size of Australind is approximately 23.2 square kilometres. There are 22 parks, covering nearly 17.5% of the total area. The population of Australind in 2016 was 14539 people. By 2021 the population was 15988 showing a population growth of 10.0% in the area during that time. The predominant age group in Australind is 0-9 years. Households in Australind are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Australind work in a trades occupation.In 2021, 76.50% of the homes in Australind were owner-occupied compared with 74.10% in 2016.
Australind has 7,713 properties. Over the last 5 years, Houses in Australind have seen a 109.65% increase in median value, while Units have seen a 160.29% increase. As at 31 July 2026:
- The median value for Houses in Australind is $884,034 while the median value for Units is $668,748.
- Houses have a median rent of $670 while Units have a median rent of $600.
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