50 Coreen Avenue,
Penrith, NSW 2750
Medical & Consulting • Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
Sold on
RWC - Western Sydney
15-17 Argyle StreetPARRAMATTA, NSW 2150
50 Coreen Avenue
Penrith, NSW 2750
Map of 50 Coreen Avenue
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.
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.
Explore property virtually
Video
Additional information
External websites
Property ID: 504621656Last Updated: 18 Jul 2024
RWC - Western Sydney 15-17 Argyle Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from RWC - Western Sydney
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Lot 4001 of 16 Chapman Street,Werrington, NSW 2747 1 m²Development Sites & Land • Medical & Consulting • Other