Sold
50 Coreen Avenue,
Penrith 2750, New South Wales
Price withheld
Property details
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Agents
State-of-the-Art Childcare Facility Built in 2023
RWC Western Sydney is excited to present a childcare investment property at 50 Coreen Avenue, Penrith via Auction.
Situated in one of Australia's fastest-growing regions, Penrith offers exceptional amenities, including healthcare, retail, education, transportation, and affordability.
This modern facility is leased to Young Academics, a renowned childcare operator in Western Sydney with over 40 centers, providing investors with strong confidence in both the tenant's capabilities and the prime location.
Additional Highlights of the Property:
• High occupancy 48-place childcare facility
• Long 15-year lease until 2038 with 2x10 year options
• Generating $238,464* plus GST per annum, with 3.5% increases annually
• 100% outgoings payable by the lessee as per the lease agreement
• Recently built in 2023 with significant depreciation benefits
• Land tax-free commercial investment opportunity (NSW only)
• Located in the growth area of Penrith, just 17 km* from the upcoming Western Sydney Airport
• Instructions are to be sold on Auction day (unless sold prior).
The property is offered for sale via in-room auction on Thursday, July 18 at 1:00 pm.
Auction venue: Level 6, 150 George Street, Parramatta NSW.
For more information, please contact the exclusive selling agents.
Situated in one of Australia's fastest-growing regions, Penrith offers exceptional amenities, including healthcare, retail, education, transportation, and affordability.
This modern facility is leased to Young Academics, a renowned childcare operator in Western Sydney with over 40 centers, providing investors with strong confidence in both the tenant's capabilities and the prime location.
Additional Highlights of the Property:
• High occupancy 48-place childcare facility
• Long 15-year lease until 2038 with 2x10 year options
• Generating $238,464* plus GST per annum, with 3.5% increases annually
• 100% outgoings payable by the lessee as per the lease agreement
• Recently built in 2023 with significant depreciation benefits
• Land tax-free commercial investment opportunity (NSW only)
• Located in the growth area of Penrith, just 17 km* from the upcoming Western Sydney Airport
• Instructions are to be sold on Auction day (unless sold prior).
The property is offered for sale via in-room auction on Thursday, July 18 at 1:00 pm.
Auction venue: Level 6, 150 George Street, Parramatta NSW.
For more information, please contact the exclusive selling agents.
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