FOR SALE
EXPRESSIONS OF INTEREST

38-40 Lumsdaine Street
Picton NSW 2571

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 444m2
Land area: 2782m2
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BRAND NEW CHILDCARE - OPPOSITE PRIMARY SCHOOL

Ray White Commercial (RWC) and Stonebridge Property Group are pleased to present to market 'Leaping Learners Picton (Sydney),' a brand new, state-of-the-art childcare facility. This asset, set across a substantial 2,782 sqm* corner site directly opposite a major primary school is offered for sale by Expressions of Interest closing Thursday, 17 October at 3pm (AEDT).
The asset is underpinned by a brand new 10 year net lease to 2034, with options to 2054 and leased to Leaping Learners, an award winning operator with a 15+ year track record and a rapidly expanding network of 6+ centres.
The investment delivers income growth with favourable annual increases, a net lease structure and excellent depreciation benefits. Positioned in the Macarthur region of south-west Sydney, Picton occupies a key growth corridor, with significant private and public capital inflows set to benefit from the strong population growth projections.
Highlights of the asset include:
• Large 2,782 sqm* corner site directly opposite primary school
• Brand new facility, yielding huge depreciation benefits
• Net Income $319,500 pa* + GST
• 10 year lease to 2034 + options to 2054 with market leading increases
• Tenanted by Leaping Learners - award winning multi-site operator with 15+ year track record and growing network of 6+ centres
• Located directly opposite Picton Public School (315+ students)
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Property Details for 38-40 Lumsdaine St, Picton

Building Type
Commercial
Floor Size
444m2
Land Size
2782m2

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About Picton 2571

The size of Picton is approximately 42.6 square kilometres. It has 18 parks covering nearly 2.5% of total area. The population of Picton in 2011 was 4,594 people. By 2016 the population was 4,804 showing a population growth of 4.6% in the area during that time. The predominant age group in Picton is 40-49 years. Households in Picton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Picton work in a professional occupation. In 2011, 76.7% of the homes in Picton were owner-occupied compared with 77.9% in 2016.

Picton has 2,647 properties. Over the last 5 years, Houses in Picton have seen a 77.01% increase in median value, while Units have seen a 19.51% increase. As at 31 October 2024:

  • The median value for Houses in Picton is $1,164,589 while the median value for Units is $550,670.
  • Houses have a median rent of $550 while Units have a median rent of $390.
There are currently 34 properties listed for sale, and 2 properties listed for rent in Picton on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Picton.

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Contact agent
Samuel Hadgelias
RWC SC
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