Sold
593 Old Illawarra Road,
Menai 2234, New South Wales
Price withheld
Property details
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Agents
Ready To Occupy | 155-Place Completed Childcare Centre
Ray White Commercial Western Sydney is pleased to present 593 Old Illawarra Road, Menai for sale via Expressions of Interest.
Phenomenal opportunity for the experienced operator or investor to capitalise on this purpose built and fully resourced childcare centre. Recently completed in 2019 to a high level of standard, the property offers a developed and operational 155-place childcare centre ready to take over.
Commanding a substantial site area of 2,187m2* with an extensive frontage. The property is designed over two (2) levels with additional basement car parking for 45 vehicles.
Perfect opportunity to leverage the recent budget announcement as the Federal Government has now confirmed the $4.7 billion childcare subsidy effective 1 July 2023.
Additional highlights of the property are outlined below:
• DA approved 155-places
• Child ratio 30 x 0-2 years, 45 x 2-3 years & 80 x 3-5 years
• Basement car parking for 45 vehicles
• Efficient two-level design over single basement
• Potential Net Rental of $650,000 per annum + GST ($4,200 per place) on an investment basis
• Fully resourced and offered with existing fit-out and inventory
• Abundance of natural light and expansive play areas
• Site area 2,187m2*
• Priced to sell below replacement value
• Surrounded by 8 schools
• Moments to HomeCo. Menai Marketplace & Menai Central
The property will be offered for sale via Expressions of Interest, closing Wednesday 5 July 2023 at 3pm.
For more information, please contact the below exclusive selling agents.
*Approximately
Phenomenal opportunity for the experienced operator or investor to capitalise on this purpose built and fully resourced childcare centre. Recently completed in 2019 to a high level of standard, the property offers a developed and operational 155-place childcare centre ready to take over.
Commanding a substantial site area of 2,187m2* with an extensive frontage. The property is designed over two (2) levels with additional basement car parking for 45 vehicles.
Perfect opportunity to leverage the recent budget announcement as the Federal Government has now confirmed the $4.7 billion childcare subsidy effective 1 July 2023.
Additional highlights of the property are outlined below:
• DA approved 155-places
• Child ratio 30 x 0-2 years, 45 x 2-3 years & 80 x 3-5 years
• Basement car parking for 45 vehicles
• Efficient two-level design over single basement
• Potential Net Rental of $650,000 per annum + GST ($4,200 per place) on an investment basis
• Fully resourced and offered with existing fit-out and inventory
• Abundance of natural light and expansive play areas
• Site area 2,187m2*
• Priced to sell below replacement value
• Surrounded by 8 schools
• Moments to HomeCo. Menai Marketplace & Menai Central
The property will be offered for sale via Expressions of Interest, closing Wednesday 5 July 2023 at 3pm.
For more information, please contact the below exclusive selling agents.
*Approximately
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Contact Joseph Assaf
Contact Joseph Assaf
Joseph Assaf
593 Old Illawarra Road, Menai NSW 2234
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Joseph Assaf
593 Old Illawarra Road, Menai NSW 2234