29 Morwell StreetYanchep WA 6035
Property Details for 29 Morwell St, Yanchep
Last Listing description (March 2023)
Burgess Rawson is pleased to offer to the market, 29 Morwell Street, Yanchep WA for sale via our Auction Investment Portfolio 157.
This investment has the following key investment highlights:
+ Secure 20 year net lease to Busy Bees to 2036.
+ Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand.
+ Highly desirable CPI + 1% annual rent increases.
+ Tenant pays 100% of outgoings including land tax.
+ As new 655sqm 96 LDC place childcare centre offering depreciation benefits.
+ High profile 2,071sqm triple frontage corner site strategically positioned opposite both Yanchep Secondary College and the Woolworths-anchored Yanchep Central Shopping Centre, currently undergoing a $22 million expansion incorporating a new Coles.
+ Situated amongst an expansive schooling precinct north from the Perth CBD - 4 schools within a 1.5-kilometre radius.
+Yanchep: one of Western Australia's fastest growing coastal municipalities located 50 kilometres north from the Perth CBD, with population forecast to increase 293% by 2041.
+ 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: $341,101 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 7 December 2022
Crown Casino - River Room
Property History for 29 Morwell St, Yanchep, WA 6035
- 10 Nov 2022Listed for Sale Price on Request
- 13 Dec 2017Sold for $4,430,000
- 14 Nov 2017Listed for Sale Not Disclosed
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0About Yanchep 6035
The size of Yanchep is approximately 218.0 square kilometres. There are 22 parks, covering nearly 81.9% of the total area. The population of Yanchep in 2016 was 8868 people. By 2021 the population was 11022 showing a population growth of 24.3% in the area during that time. The predominant age group in Yanchep is 0-9 years. Households in Yanchep are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yanchep work in a trades occupation.In 2021, 75.60% of the homes in Yanchep were owner-occupied compared with 74.00% in 2016.
Yanchep has 7,567 properties. Over the last 5 years, Houses in Yanchep have seen a 102.57% increase in median value, while Units have seen a 160.71% increase. As at 30 April 2026:
- The median value for Houses in Yanchep is $879,173 while the median value for Units is $812,831.
- Houses have a median rent of $640 while Units have a median rent of $380.
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