SOLD
Sold on 05 Sep 2024 for $6,000,000

40 Main Avenue
Lidcombe NSW 2141

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1645m2
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Property Details for 40 Main Ave, Lidcombe

40 Main Ave, Lidcombe is a 0 bedroom, 0 bathroom House. The property has a land size of 1645m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 0 bedroom House sold in Lidcombe in the last 12 months.

Building Type
House
Land Size
1645m2
Local Government
Cumberland
Lot/Plan
1/DP1190600

Last Listing description (October 2022)

CBRE as the exclusive sales agents are pleased to present 40 Main Avenue, Lidcombe. Conveniently positioned, 40 Main Avenue, Lidcombe represents a secure childcare investment opportunity. The property boasts a large land holding of 1,643sqm* and benefits from additional street frontage to Herdsmans Avenue at the rear with parking for 8 cars.

40 Main Avenue has a long-term lease to Scribbles & Giggles until June 2031, with 84 places totalling a net income of $319,226* per annum. The triple-net lease has a desirable 10+10 year option and 3% annual increases, representing an excellent investment opportunity.


40 Main Avenue, Lidcombe benefits from the following key features:
- New 10+10+10 year triple net lease with 3% fixed annual rental increases
- Net income of $319,226* per annum
- Total of 84 places
- 100% of outgoings payable by tenant
- Substantial land holding of 1,643sqm*
- Desirable R3 Medium Density Residential zoning
- Parking for 8 cars

40 Main Avenue, Lidcombe is For Sale via Private Treaty.

Private inspection appointments will be undertaken.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*approx

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Property History for 40 Main Ave, Lidcombe, NSW 2141

A timeline of how this property has performed in the market
Last Sold
$6,000,000
05 Sep 2024
  • 05 Sep 2024
    Sold for $6,000,000
  • 16 Mar 2022
    Listed for Sale Contact Agent
  • 07 May 2012
    Sold for $1,100,000

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About Lidcombe 2141

The size of Lidcombe is approximately 6.8 square kilometres. It has 30 parks covering nearly 6.9% of total area. The population of Lidcombe in 2011 was 16,670 people. By 2016 the population was 19,605 showing a population growth of 17.6% in the area during that time. The predominant age group in Lidcombe is 20-29 years. Households in Lidcombe are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lidcombe work in a professional occupation. In 2011, 62.6% of the homes in Lidcombe were owner-occupied compared with 55.9% in 2016.

Lidcombe has 11,993 properties. Over the last 5 years, Houses in Lidcombe have seen a 74.37% increase in median value, while Units have seen a 17.34% increase. As at 31 December 2024:

  • The median value for Houses in Lidcombe is $1,820,069 while the median value for Units is $761,686.
  • Houses have a median rent of $760 while Units have a median rent of $720.
There are currently 33 properties listed for sale, and 53 properties listed for rent in Lidcombe on OnTheHouse. According to CoreLogic's data, 589 properties were sold in the past 12 months in Lidcombe.

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