1 Pickle Street

Mandurah WA 6210

167 Galgoyl Road, Mandurah is a strategically located opportunity to acquire a DA Approved 3,904sqm site, approved for an 82-place Childcare Centre, 24 Hour Gym + value add Cafe, with an additional 1,768sqm of surplus land available for future development. Further de-risking this exceptional project, is an AFL in place at settlement with highly respected National Childcare operator Nido Early School, providing a starting rent of $299,300 p.a. across a 20 + 10 + 10 year lease structure and on otherwise best in class terms. The property is conveniently located directly opposite the Mandurah Train Station which has recently undergone a $32m upgrade adding an additional 780 car spaces with over 1,900 spaces in total and is one of the top three busiest in WA by total boardings.The City of Mandurah is located just 38km* Southwest of the Kwinana Industrial Precinct and 70km* South of the Perth Central Business District, boasting a growing population anticipated to increase 23.38% by 2036 (forecast.id.).Property Highlights- 3,904sqm total site area with three street frontages zoned R160 Commercial - 2,136sqm DA approved for two-storey project comprising a committed 82-place NIDO Early Learning Centre + 500sqm 24/7 Gym + value add 91sqm cafe- Heads of Agreement & AFL in place for Childcare tenancy signed with National Childcare Operator on 20-year lease on otherwise best in class terms - Architecturally designed by one of Australia's leading Early Learning & Mixed Use Architects - 1,768sqm of surplus land for future development with potential for Medical/Allied Health/Mixed Use/Residential - Opposite Mandurah train station with 1,900 car parking spaces - creating all day demand- 2-minute drive to Mandurah Forum, home to 200 specialty stores with anchors David Jones, Target, Kmart, Woolworths, Coles & BIGW- Easily accessible by Mandurah Road, Pinjarra Road & 7.8km* to the Kwinana Freeway- 6 Primary Schools within a 3km radius totalling over 2,000 enrolments- GapMaps shows a ratio of 9 to 1 in the surrounding market for 0-5 year olds, one of the highest in the State. 167 Galgoyl Road, Mandurah is offered for Sale by Offers Invited, closing Tuesday 30th August 2022 (unless sold prior).