SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Rare Entry Level Sydney Childcare – New 10 Year Lease to 2033

191 Bennett Road , St Clair NSW

Property Highlights

100% Occupancy With Waitlist
Fixed 3.5% Annual Rental Increases
9 Schools & 6,000+ Students Within 3km
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Description

Burgess Rawson is pleased to offer to market 191 Bennett Road, St Clair NSW for sale via our Investment Portfolio Auction 164.

The property has the following key investment highlights:

+ New 10 year lease to 2033 with 3 further 10 year options 2063
+ Strong trading, 100% occupancy centre with wait list
+ Appealing fixed 3.5% annual rental increases
+ Tenant pays outgoings, as per the lease
+ Dominant centre within fast growing St Clair where the population of 0-4yr olds is 17% higher than the state average
+ Enhanced with appealing centre upgrades, and generous play areas
+ Popular family area: 9 schools & 6,000+ students within 3km
+ Strong investment catchment – City of Penrith’s population of 217,664 is forecast to grow by 69.5% to 369,000 by 2041
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes; both the Federal and State Governments have allocated unprecedented funding to support this sector. In 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^
+ Net Income: $126,000 pa+ GST

To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday 24 October 2023
Sydney Opera House

*Approx
^Australian Government – Department of Education | Child Care Subsidy Reform

Property Details

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

Price

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