56 Victoria StreetSt James WA 6102
Property Details for 56 Victoria St, St James
Last Listing description (May 2023)
Burgess Rawson is pleased to offer to the market, 56 Victoria Street, St James (Perth) WA, for sale via our Investment Portfolio Auction 160.
+Renewed Five (5) year lease to HQ Children's House of Learning to 2028
+Four (4) further five (5) year options to 2048
+HQ Children's House of Learning: Long established and successful centre in operation since 1994
+Annual rent increases to the greater of CPI or 3%
+Favourable net lease terms with the tenant paying all outgoings including land tax, rates, insurances and management fees
+Well-maintained childcare centre licensed for 28 LDC places
+Strategically positioned 1,028sqm* site within ease of access of the Albany Highway, a major thoroughfare with 37,000+ passing vehicles daily*
+Situated within a significant education precinct -17 schools within a 3.5km radius including 500m* from Santa Clara Primary School (175+ enrolments).
+Conveniently located 650 metres from Woolworths anchored Bentley Shopping Centre and within close proximity of Westfield Carousel Shopping Centre, Waterford Plaza & Victoria Park Shopping Centre underpinned by national retailers including Myer, Woolworths, Coles, Supa IGA, Kmart and other specialty stores
+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^.
+St James: highly desirable and centrally located family-oriented suburb, located only 7 kilometres from the Perth CBD
+Net Income: $55,000 pa* + 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 56 Victoria St, St James, WA 6102
- 07 May 2023Sold for $1,180,000
- 13 Apr 2023Listed for Sale Price on Request
- 31 Mar 2021Sold for $918,000
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About St James 6102
The size of St James is approximately 1.7 square kilometres. There are 11 parks, covering nearly 2.1% of the total area. The population of St James in 2016 was 4905 people. By 2021 the population was 4894 showing a population decline of 0.2% in the area during that time. The predominant age group in St James is 20-29 years. Households in St James are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St James work in a professional occupation.In 2021, 51.10% of the homes in St James were owner-occupied compared with 50.60% in 2016.
St James has 2,540 properties. Over the last 5 years, Houses in St James have seen a 71.49% increase in median value, while Units have seen a 98.12% increase. As at 31 August 2026:
- The median value for Houses in St James is $987,731 while the median value for Units is $733,033.
- Houses have a median rent of $725 while Units have a median rent of $730.
Suburb Insights for St James 6102
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