Flagship Parramatta Childcare Investment | Positioned In High Growth Young Population Area

1 Patricia Street , Mays Hill NSW

Property Highlights

New 15 Year Net Lease
Two 10 year Options Extending to 2058
2023 Construction, Maximum Depreciation
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Description

Burgess Rawson is pleased to offer 1 Patricia Street, Mays Hill NSW to the market for sale via our Investment Portfolio Auction 167.

The property has the following investment highlights:

+ Long 15 year net lease to 2038
+ Plus two 10 year options extending to 2058
+ Compounding 3% annual rent increases ensuring income growth
+ Net lease, tenant pays all usual outgoings as per the lease
+ Impressive architecturally designed purpose-built childcare centre opened in 2023, licensed for 111 LDC places – offering significant depreciation benefits
+ Young Academics ELC is a highly experienced & dominant childcare operator with 36 centres across Greater Sydney
+ Highly connected location – 1.5km* from Westfield Parramatta Shopping Centre, Westmead Hospital and four train stations
+ Mays Hill & Parramatta: young family demographic with population within 1.5km of property soaring at 75% faster than NSW average
+ Parramatta is evolving into a vibrant global city, driven by rapid population growth, significant investments in community and economic infrastructure, making it a key player in Sydney’s future
+ 15 schools within a 2km radius of the property
+ Land tax free commercial investment (NSW only)
+ Child Care/Early Education is a essential service and is one of Australia’s most sought after asset classes, heavily supported by Federal and State government funding. In 2022-2023, the Federal Government contributed over $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.2 million families.^
+ Net Income: $571,650 pa* + GST (May 2024)

To be sold by Investment Portfolio Auction
10:30 am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: www.portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,044 SQM
Building Area
1 SQM

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