<p class="mb-4">Sorrento, an affluent coastal suburb 19 kilometers north of Perth, is nestled within the City of Joondalup, offering a premium lifestyle by the ocean. Known for its stunning beaches, highquality amenities, and family-friendly atmosphere, Sorrento attracts professionals, retirees, and investors seeking a blend of luxury and convenience. </p><p class="mb-4"></p><p class="mb-4">With a population of approximately 7,795, Sorrento boasts a strong community spirit and a median household income of $2,472 per week, reflecting its prosperity and desirability. The suburb is home to excellent schools, parklands, and the iconic Hillarys Boat Harbour, a major entertainment and dining hub. </p><p class="mb-4"></p><p class="mb-4">Sorrento WA 6020 presents an exceptional opportunity to enjoy a coastal lifestyle with easy access to premium shopping centers, reputable schools, and seamless transport links to the Perth CBD via the Mitchell Freeway. </p><p class="mb-4"></p><p class="mb-4"><strong>Location and Key Facts: </strong></p><p class="mb-4">📍 <strong>Distance from Perth:</strong> ~19 kilometers (12 miles) north of the CBD </p><p class="mb-4">📍 <strong>Region:</strong> Located within the City of Joondalup </p><p class="mb-4">📍 <strong>Population:</strong> ~7,795 residents </p><p class="mb-4">📍 <strong>Median Household Income:</strong> $2,472 per week </p><p class="mb-4">📍<strong> Surroundings:</strong> Coastal homes, pristine beaches, parks, and high-end retail precincts </p><p class="mb-4"></p><p class="mb-4">Sorrento’s combination of beachfront luxury, strong infrastructure, and vibrant community living makes it one of Perth’s most sought-after suburbs for homeowners and investors alike. </p><p class="mb-4"></p><p class="mb-4">Population and Demographics: </p><p class="mb-4">👥<strong> Population:</strong> Around 7,795 people (2021 census) </p><p class="mb-4">📅 <strong>Average Age:</strong> 47 </p><p class="mb-4">🏡 <strong>Household Composition:</strong> Primarily families and couples, with a mix of retirees and young professionals </p><p class="mb-4">🌍 <strong>Main Ancestries: </strong>English, Australian, Scottish, Irish, and Italian</p>

<p class="mb-4">The property is leased to Ascolta Early Learning and Care, an established childcare provider committed to delivering quality early childhood education. Their professional approach is evident in the thoughtfully designed learning spaces visible throughout the facility.</p><p class="mb-4">The centre appears newly established, with modern, high-quality educational resources and equipment throughout. The operator has invested significantly in creating engaging learning environments, indicating their commitment to the location and business.</p><p class="mb-4">Childcare operators typically secure long-term leases due to the significant investment in fit-out and building their local client base, providing investors with security of income. The specialized nature of the building also encourages tenant retention, as relocation costs for childcare operators are substantial.</p>

<p>This property represents a <strong>secure investment opportunity</strong> in the resilient childcare sector. The brand-new construction minimizes maintenance concerns, while the purpose-built design ensures optimal functionality for the childcare operator.</p> <p>Childcare investments are typically characterized by <strong>long lease terms</strong> with built-in rental increases, providing investors with stable, growing income streams. The essential nature of childcare services, backed by government subsidies, contributes to the sector's stability even during economic fluctuations.</p> <p>With increasing demand for quality childcare facilities across Australia and limited supply of purpose-built centres, this property is well-positioned to maintain strong tenant demand and potential for capital appreciation over time.</p>

<p class="mb-4">Settlement to take place for the expiration of the Rent free period</p>

<p class="mb-4">29 Seacrest &amp; 41 Viewcrest Way, Sorrento – 1,383 sqm - $ 365,200/year </p><p class="mb-4">38-40 Embleton Avenue, Bayswater – 1,120 sqm - $400,000/year </p><p class="mb-4">32 Sparks Road, Henderson – 1,012 sqm - $420,000/year</p>

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