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
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