SOLD
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Sold on 08 Nov 2024 - Price Unavailable

38-40 Lumsdaine Street
Picton NSW 2571

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 444m2
Land area: 2782m2
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Property Details for 38-40 Lumsdaine St, Picton

Building Type
Commercial
Floor Size
444m2
Land Size
2782m2
Local Government
Wollondilly
Lot/Plan
65/2/DP2893

Last Listing description (November 2024)

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)
• 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 3pm (AEDT).

For further information including a copy of the information memorandum, please contact the selling team.

Property History for 38-40 Lumsdaine St, Picton, NSW 2571

A timeline of how this property has performed in the market
Last Sold
08 Nov 2024
  • 08 Nov 2024
    Sold
  • 16 Sep 2024
    Listed for Sale EXPRESSIONS OF INTEREST
  • 20 Apr 2022
    Listed 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 2,631 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 35 properties listed for sale, and 2 properties listed for rent in Picton on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Picton.

Suburb Insights for Picton 2571

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Contact agent
Samuel Hadgelias
RWC SC
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.