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191 Bennett Road
St Clair NSW 2759
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Sold on 24 Oct 2023

191 Bennett Road St Clair NSW 2759

  • Medical / Consulting
  • 1 m²
  • Sold

Rare Entry Level Sydney Childcare - New 10 Year Lease to 2033

    Burgess Rawson is pleased to offer to market 191 Bennett Road, St Clair NSW for sale via our Investment Portfolio Auction 164.

    The property has the following key investment highlights:

    + New 10 year lease to 2033 with 3 further 10 year options 2063
    + Strong trading, 100% occupancy centre with wait list
    + Appealing fixed 3.5% annual rental increases
    + Tenant pays outgoings, as per the lease
    + Dominant centre within fast growing St Clair where the population of 0-4yr olds is 17% higher than the state average
    + Enhanced with appealing centre upgrades, and generous play areas
    + Popular family area: 9 schools & 6,000+ students within 3km
    + Strong investment catchment - City of Penrith's population of 217,664 is forecast to grow by 69.5% to 369,000 by 2041
    + Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes; both the Federal and State Governments have allocated unprecedented funding to support this sector. In 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^
    + Net Income: $126,000 pa+ GST

    To be sold by Investment Portfolio Auction
    10:30 am AEST Tuesday 24 October 2023
    Sydney Opera House

    *Approx
    ^Australian Government - Department of Education | Child Care Subsidy Reform

    AUCTION

    Auction date and time24/10/2023 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold24 Oct 2023
    Floor Area1 m²
    Land Area642 m²
    ParkingAsk Agent
    Property ID2018797295
    Category
    Last updated  25 Oct 2023
    Map for 191 Bennett Road St Clair NSW 2759

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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold24 Oct 2023
    Floor Area1 m²
    Land Area642 m²
    ParkingAsk Agent
    Property ID2018797295
    Category
    Last updated  25 Oct 2023

    Co-Agents

    Rhys Parker
    Burgess Rawson Sydney
    Call
    0451 101 042
    John Ingui
    Burgess Rawson Sydney
    Call
    0486 011 406

    More about 191 Bennett Road St Clair NSW 2759

    191 Bennett Road St Clair NSW 2759 is categorized as Medical & Consulting Property. It has a floor area of 1 m² and a land area of 642 m². The listing ID for this property is 2018797295.

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