50 Coreen Avenue Penrith NSW 2750

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.