38-40 Lumsdaine StreetPicton NSW 2571
Property Details for 38-40 Lumsdaine St, Picton
Last Listing description (November 2024)
RWC is pleased to present to market 'Leaping Learners Picton (Sydney),' a brand new, state-of-the-art childcare facility at 38-40 Lumsdaine Street, Picton NSW via Expressions of Interest.
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.
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.
Additional Highlights of the Property:
• 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)
• Situated less than 1km* to Town Centre, Coles Anchored Shopping Centre, Picton Train Station and other amenities
Leaping Learners Picton (Sydney)' is offered for sale via Expressions of Interest closing on Thursday 17 October at 3:00pm.
For further information including a copy of the Information Memorandum, please contact the selling team.
Peter Vines
Managing Director
RWC Western Sydney
0449 857 100
peter.vines@raywhite.com
Jai Sethi
Associate Director
RWC Western Sydney
0433 393 128
jai.sethi@raywhite.com
Property History for 38-40 Lumsdaine St, Picton, NSW 2571
- 08 Nov 2024Sold
- 16 Sep 2024Listed for Sale EXPRESSIONS OF INTEREST
- 20 Apr 2022Listed for Sale EXPRESSIONS OF INTEREST
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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 2,641 properties. Over the last 5 years, Houses in Picton have seen a 62.78% increase in median value, while Units have seen a 21.14% increase. As at 30 November 2024:
- The median value for Houses in Picton is $1,111,117 while the median value for Units is $557,065.
- Houses have a median rent of $560 while Units have a median rent of $400.
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