Wednesday 20th May, PERTH WA Colliers has been exclusively appointed to market 18 Pattie Street, Cannington, a newly completed multi-tenanted commercial investment positioned just 300 metres from Westfield Carousel.
The campaign is being led by Colliers State Chief Executive Richard Cash and Executive Aidan Austen.
Completed in 2023, the architecturally designed asset is anchored by a secure 15-year net lease to Little Moppets Early Learning, delivering long-term income security supported by the resilience of the early education sector.
The property comprises 1,158sqm of net lettable area and is complemented by two 53sqm ground-floor tenancies occupied by Doll Empire Hairdressers and Premier Care Connect, providing diversified income across three occupiers. The lease profile includes fixed annual rental growth and a predominantly net income structure, with tenants contributing to outgoings excluding land tax.
Situated approximately 10 kilometres from the Perth CBD, the asset benefits from excellent connectivity to major transport routes and sits within the broader Cannington retail precinct, one of metropolitan Perth’s most established mixed-use hubs. Its immediate proximity to Westfield Carousel further reinforces the location’s regional significance, drawing consistent consumer activity, public transport connectivity and amenity that support the surrounding family catchment and long-term childcare demand.
The offering is expected to appeal to private and institutional investors seeking secure income, embedded rental growth and exposure to a defensive essential-services asset class.
Richard Cash, State Chief Executive at Colliers, said the property’s position within the Cannington retail precinct materially elevated its appeal as a long-term childcare investment.
“Cannington is one of Perth’s most prominent and strategically important retail and commercial precincts, and Westfield Carousel remains a major regional drawcard that anchors activity, accessibility and amenity across the broader catchment,” Mr Cash said.
“For childcare operators and investors, that combination of strong family demographics, established infrastructure and immediate proximity to a major regional centre creates a highly compelling location profile.”
Aidan Austen, Executive - Investment Services at Colliers, said premium childcare investments in established Perth locations continue to attract strong buyer demand, particularly where lease tenure and rental growth are clearly defined.
“Assets of this calibre are tightly held and increasingly sought after, particularly when they combine modern improvements and fixed annual rent reviews,” Mr Austen said.
“Colliers has deep experience in childcare centre sales across Perth, and we continue to see investors prioritise well-located assets with clear income growth and strong underlying market fundamentals.”
The investment is further supported by fixed 3% and 4% annual rent reviews, providing built-in income growth throughout the lease term.
Combining modern improvements, a secure childcare tenancy and a prime inner-metro location near one of Perth’s major retail and transport hubs, 18 Pattie Street presents a compelling opportunity to acquire a high-quality investment in a tightly held market.
View listing here >> https://www.commercialready.com.au/properties/18-pattie-street-cannington-wa-6107-32150
