79/24-32 Lexington DriveBella Vista NSW 2153
Property Details for 79/24-32 Lexington Dr, Bella Vista
Last Listing description (October 2024)
Exceptional investment opportunity, a highly desirable long-term leased investment in the heart of Sydney's thriving North-West, Bella Vista. Leased to Affinity Education, one of Australia's largest providers of early education and childcare.
A prime location within the bustling business hub of Bella Vista and surrounded by several occupied commercial towers, this property enjoys the synergy of a vibrant business environment as well as well-established residential housing, with much growth and development to come.
This unique investment opportunity is located at one of Norwest's most popular developments, Lexington Corporate Centre. Strategically positioned in close walking proximity to Bella Vista Metro, convenience is at the forefront of this location. The property is an integral part of the thriving Lexington Corporate Centre, offering a plethora of onsite visitor parking and an array of quality services including dining options.
Investment Features:
- Solid rental income of $377,056 PA net excluding GST
- Long Lease: Expiry April 2033 + 10 years options
- SP4 Enterprise Zoning
- 3.5% or CPI, the greater of, plus review to market during lease term & options
- Internal size 540m2 + 500m2 outdoor play- On Title area 1040m2 (approx.)
- 21 car spaces (8 located in the visitor pool)
- Lease with Affinity Education Group Limited Guarantee + 3 months Bank guarantee
- Substantial recent renovations completed by tenant
Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-2024 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform.
Affinity Education is one of Australia's largest providers of early education and childcare, Affinity Education has more than 180 childcare centres, nurseries, kindergartens, preschools and OSHC locations across Australia. Currently running at 100% occupation with a waiting list, a testament to the centres popularity and success.
FOR SALE VIA NEGOTIATION.
Please contact Simon Russo 0414 678 632 for further details or inspection times.
All descriptions, sizes pricing and references contained in this advertisement are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves within other formal documentation and where necessary seek advice.
Property History for 79/24-32 Lexington Dr, Bella Vista, NSW 2153
- 02 Oct 2024Sold for $5,850,000
- 11 Apr 2024Listed for Sale Contact Agent
- 21 Sep 2023Listed for Sale FOR SALE via NEGOTIATION
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About Bella Vista 2153
The size of Bella Vista is approximately 4.7 square kilometres. It has 16 parks covering nearly 10.3% of total area. The population of Bella Vista in 2011 was 7,316 people. By 2016 the population was 7,845 showing a population growth of 7.2% in the area during that time. The predominant age group in Bella Vista is 50-59 years. Households in Bella Vista are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bella Vista work in a professional occupation. In 2011, 87.2% of the homes in Bella Vista were owner-occupied compared with 86.2% in 2016.
Bella Vista has 4,031 properties. Over the last 5 years, Houses in Bella Vista have seen a 57.13% increase in median value, while Units have seen a 45.28% increase. As at 30 November 2024:
- The median value for Houses in Bella Vista is $2,339,739 while the median value for Units is $1,311,298.
- Houses have a median rent of $1,000 while Units have a median rent of $798.
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