42 - 48 Brilliant Boulevard Mandogalup WA 6167

Altegra Property Group are proud to exclusively present 44-48 Brilliant Boulevard, Mandogalup FOR SALE. A state of the art and purpose-built childcare centre, located in one of Perth's fastest growing corridors.

For Sale via Expressions of Interest Closing Tuesday 15th April at 4:00pm (AWST)

This impeccable, high specification 82 place centre is set on a 1,781 sqm* corner site and is underpinned by a 20 year net lease, operated by an ASX listed "best in class" early learning provider, Nido Early School (ASX: NDO). The brand new asset provides significant depreciation benefits and represents a true blue-chip investment opportunity.

Nido Mandogalup is strategically positioned directly opposite a future proposed Primary School.

KEY INVESTMENT FEATURES INCLUDE:

- 20 Year Lease to 2045 with (2) two further (10) ten-year options to 2065

- Annual income of $355,770* + Outgoings & GST with annual CPI+1% increases

- Tenant pays all outgoings including land tax

- Strategic corner landholding of 1,781sqm* in the heart of Satterley's "Florence Estate"

- Purpose-built improvements to current Nido spec, completed in 2025 with a considerable replacement cost and substantial depreciation benefits

- Leased to Nido Early School - A brand synonymous with success and powerhouse national operator featuring over 100 centres in operation or in the development across Australia

- 30km from Perth CBD in the rapidly growing south metro corridor

- Mandogalup to feature over 2,700 residential lots on maturation

For Sale via Expressions of Interest Closing Tuesday 15th April at 4:00pm (AWST)

For further information, please contact the exclusive selling agent:

Anthony Morabito
M: + 61 430 101 385