50 Coreen Avenue, Penrith, NSW 2750
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14|Medical/Consulting
|Retail
|Other
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Published on: 23 Jun 2024
Last updated on: 24 Jun 2024
Property ID: 504621656
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Key property information
Land Size
803.00 m2
Zoning
R2 Low Density Residential
Floor Area
803.00 m2
Parking Spaces
14
Tenure Type
tenanted
State-of-the-Art Childcare Facility Built in 2023
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.
Property Details
Basic Info
Basic Info
Property Type
Medical/ConsultingRetailOther
Listing Status
On Market
Parking Spaces
14
Land Size
803.00 m2
Address
50 Coreen Avenue, Penrith, NSW 2750
Floorplans and tours
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15-17 Argyle Street, Parramatta, NSW 2150
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Property ID: 504621656
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