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Sold on 29 Nov 2019

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

Address59 Denison Street Camperdown NSW 2050
ZoningIN2 Light Industrial
CouncilINNER 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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Property Highlights

Property ID2014480923
Date Sold29 Nov 2019
Floor Area1,960 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  12 Sep 2019
Map for 59 Denison Street Camperdown NSW 2050
Map for 59 Denison Street Camperdown NSW 205059 Denison Street Camperdown NSW 2050
TGC
Level 7, 219 Castlereagh Street Sydney NSW 2000

Inspections are still happening

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