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50 Coreen Avenue
Penrith NSW 2750
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Sold on 13 Aug 2024

50 Coreen Avenue Penrith NSW 2750

  • Medical / Consulting
  • 803 m²
  • Sold

State-of-the-Art Childcare Facility Built in 2023

  • High Occupancy 48-Place Facility
  • Leased to Leading Operator - YA
  • Situated in Western Sydney Growth Area

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.

RWC Western Sydney
RWC Western Sydney
Level 1, 15-17 Argyle Street,
Parramatta, NSW 2150

Property Highlights

Date Sold13 Aug 2024
Floor Area803 m²
Land Area803 m²
Parking14 x Onsite parkings
Property ID2019322176
Category
Last updated  18 Jul 2024
Map for 50 Coreen Avenue Penrith NSW 2750

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RWC Western Sydney
RWC Western Sydney
Level 1, 15-17 Argyle Street,
Parramatta, NSW 2150

Property Highlights

Date Sold13 Aug 2024
Floor Area803 m²
Land Area803 m²
Parking14 x Onsite parkings
Property ID2019322176
Category
Last updated  18 Jul 2024

Co-Agents

Jai Sethi
RWC Western Sydney
Call
0433 393 128
Peter Vines
RWC Western Sydney
Call
0449 857 100

More about 50 Coreen Avenue Penrith NSW 2750

50 Coreen Avenue Penrith NSW 2750 is categorized as Medical & Consulting Property. It has a floor area of 803 m² and a land area of 803 m². There are 14 x onsite parkings.The listing ID for this property is 2019322176.

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