Ray White Commercial is pleased to present 38-40 Lumsdaine Street, Picton for sale via Expressions of Interest.
The outstanding investment opportunity offers a net return of $248,500 p.a. The property is currently under construction, and on completion will be leased by established operators 'Leaping Learners' who will occupy the approved 71 place childcare centre. The centre will be one of six (6) centres managed by the group across south-western Sydney. Construction is expected to be completed in Q3, 2022.
The property is positioned immediately opposite Picton Public School in an area which is forecast to be one of Greater Sydney's key residential growth regions. Population is expected to be approximately some 45,000 new residents over the 2021-2041 period, equating to around 2,200 new residents per annum. ^
Highlights of this investment opportunity include:
• AFL Signed
• Net Income of $248,500 p.a.*
• New build with strong depreciation benefits
• 10 + 10 + 10 year term, with 3% annual increases
• 71 child care spaces, DA approved
• Established operator
• Single level building with on grade parking (no basement)
• Corner position, opposite the Picton Public School
• Large population growth predicted in the immediate vicinity
• Secure bank & Director(s) guarantee
• The property is currently under construction. Settlement is subject to the commencement of the Lease Agreement
• 950m* to Picton Railway Station
The property is offered via Expressions of Interest closing on Wednesday 2 March 2022.
For more information, please contact the below selling agents.
Samuel Hadgelias
Managing Director
Ray White Commercial (SC)
0403 254 675
shadgelias@raywhite.com
Victor Sheu
Director
Ray White Commercial - Asian Investment Services
0412 301 582
victor.sheu@raywhite.com
Jai Sethi
Senior Sales Executive
Ray White Commercial - Western Sydney
0433 393 128
jai.sethi@raywhite.com
*Approx
^ Source NSW Department of Planning, Industry and Environment (2019)
