58 Reserve Street, Wembley, WA 6014 sold on 28 April 2025 | OnTheHouse
 
SOLD
Sold on 28 Apr 2025 for $3,775,000

58 Reserve Street
Wembley WA 6014

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 287m2
Land area: 1100m2
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Property Details for 58 Reserve St, Wembley

Building Type
Commercial
Year Built
1948
Floor Size
287m2
Land Size
1100m2
Local Government
Cambridge
Lot/Plan
446/P003185

Last Listing description (June 2025)

Sterling Property as exclusive agent is pleased to present an exceptional childcare investment opportunity at 58 Reserve Street, Wembley, For Sale via Offers Invited closing Monday 5th May at 3pm AWST (unless sold prior).This purpose-built, single-level childcare centre offers a secure, long-term income stream with a lease to Jellybeans Childcare, part of the ASX-listed G8 Education Limited network.Property Highlights:- Tenant: Jellybeans Childcare (G8 Education Limited)- Secure 7-Year Lease to 2031 with 6 x 5-Year Options to 2061 - 50-Place Single-Level Childcare Centre- Prominent Corner Site with excellent visibility- Wembley Median House Price: $1,750,000- Established Centre in operation since 2009- Land Area: 1,100 sqm with 12 Car Bays- 6 Primary Schools within a 2km radius- 250m to Wembley Primary School- 5km to Perth CBD- Fixed Annual Reviews: 4%- Net Income: $203,251 p.a. plus GST (from May-2025)ASX Listed Tenant: Jellybeans Childcare operates under G8 Education Limited (ASX: GEM), one of Australia's largest early education providers, managing over 400 childcare centres nationwide. With a strong market presence and transparent financial reporting, G8 Education is a reliable long-term tenant.Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns.To request a copy of the Information Memorandum or to arrange an inspection, please contact the exclusive selling agents Jake Wallman and Simon Brady at Sterling Property.

Property History for 58 Reserve St, Wembley, WA 6014

A timeline of how this property has performed in the market
Last Sold
$3,775,000
28 Apr 2025
  • 28 Apr 2025
    Sold for $3,775,000
  • 09 Apr 2025
    Listed for Sale Offers Invited
  • 05 Dec 2022
    Sold for $235,000
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About Wembley 6014

The size of Wembley is approximately 4.2 square kilometres. It has 13 parks covering nearly 25.0% of total area. The population of Wembley in 2016 was 11301 people. By 2021 the population was 12061 showing a population growth of 6.7% in the area during that time. The predominant age group in Wembley is 30-39 years. Households in Wembley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wembley work in a professional occupation.In 2021, 59.30% of the homes in Wembley were owner-occupied compared with 58.60% in 2016.

Wembley has 5,961 properties. Over the last 5 years, Houses in Wembley have seen a 86.49% increase in median value, while Units have seen a 103.22% increase. As at 30 November 2025:

  • The median value for Houses in Wembley is $2,080,129 while the median value for Units is $524,053.
  • Houses have a median rent of $1,000 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 7 properties listed for rent in Wembley on OnTheHouse. According to Cotality's data, 286 properties were sold in the past 12 months in Wembley.

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