59 Denison Street Camperdown NSW 2050

Factory, Warehouse & Industrial
1,960 m²
Sold

Award winning childcare centre in future residential hotspot

An award-winning city fringe childcare investment with a strong future.

59 Denison Camperdown (Lot 1/SP53308) is a great example of the successful adaptive reuse of a city fringe post-industrial warehouse.

The two quality tenancies represent an excellent investment with exciting future potential#

Now the home of an award-winning Explore and Develop childcare centre and the Sydney HQ of Papaya.

- 10+10 year lease to Explore and Develop
- Approved 80 place childcare centre circa 1090M2 approx
- Award-winning architecture
- 4+4 year lease to Papaya circa 740M2 approx
- Major fit-out investment by each tenant
- 1960M2 approx + parking
- Current nett income circa $480,835 PA - (uplift to $525,000PA being negotiated)
- Strong 3.5% annual increases
- 100% of increases in outgoings met by tenants
- DA for stage 2 childcare centre for further 60 places [if Papaya tenancy were to vacate]
- Precinct earmarked for rezoning from industrial IN2 to R4 high density residential#
- Strategic landholding within a proposed residential area#

This property meets all of the needs of a discerning investor, with the potential for that sought-after "twist".

All inspections are strictly by appointment with the Agent.

#see the Parramatta Road Corridor Urban Transformation Strategy - NSW State Government

Zoning

Address	59 Denison Street Camperdown NSW 2050
Zoning	IN2 Light Industrial
Council	INNER WEST COUNCIL
	We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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TGC

Suite 7.01, 66 Clarence Street

Sydney, NSW 2000

Property Highlights

Date Sold	29 Nov 2019
Floor Area	1,960 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2014480923
Category	Factory, Warehouse & Industrial
Last updated	29 Nov 2019

Map for 59 Denison Street Camperdown NSW 2050

Nearest transport* to 59 Denison Street Camperdown NSW 2050

Bus

Train

Tram

Ferry

Salisbury Rd Opp Kingston Rd	225 m
Salisbury Rd Before Kingston Rd	228 m
Bridge Road School, Parramatta Rd	295 m
Salisbury Rd Opp Hopetoun St	307 m

*Within a 4km radius

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TGC

Suite 7.01, 66 Clarence Street

Sydney, NSW 2000

Property Highlights

Date Sold	29 Nov 2019
Floor Area	1,960 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2014480923
Category	Factory, Warehouse & Industrial
Last updated	29 Nov 2019

Listed by

Eric Lundberg

TGC

Call

0411 647 510

More about 59 Denison Street Camperdown NSW 2050

59 Denison Street Camperdown NSW 2050 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 1,960 m². The listing ID for this property is 2014480923.