SOLD
Sold on 24 Oct 2023 for $2,520,000

6 Pierce Close
Prairiewood NSW 2176

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 820m2
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Sold By
Michael Vanstone
BURGESS RAWSON SYDNEY
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Property Details for 6 Pierce Cl, Prairiewood

6 Pierce Cl, Prairiewood is a 0 bedroom, 0 bathroom House. The property has a land size of 820m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 0 bedroom House sold in Prairiewood in the last 12 months.

Building Type
House
Land Size
820m2
Local Government
Fairfield
Lot/Plan
425/DP258492

Last Listing description (October 2023)

Burgess Rawson is pleased to offer to market 6 Pierce Close, Prairiewood NSW for sale via our Investment Portfolio Auction 164.

The property has the following key investment highlights:

+ Long 20 year net lease to 2036

+ Two 10 year options to 2056
+ Annual 3% rent increases
+ Tenant pays all usual outgoings as per the lease
+ Established 40 place centre boasting a long history of 100% occupancy
+ Located within 3km* of 11 primary schools
+ Highly connected location 600m* from Stockland's Wetherill Park Shopping Centre, Fairfield Hospital and Prairiewood High School
+ Fairfield: A young demographic, benefitting from current and future infrastructure development in the burgeoning western growth corridor
+ Land Tax free commercial investment (NSW only)
+ Child Care/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 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^
+ Net Income: $135,286 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 24 October 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx
^Australian Government - Department of Education | Child Care Subsidy Reform

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Property History for 6 Pierce Cl, Prairiewood, NSW 2176

A timeline of how this property has performed in the market
Last Sold
$2,520,000
24 Oct 2023
  • 24 Oct 2023
    Sold for $2,520,000
  • 26 Sep 2023
    Listed for Sale Contact Agent
  • 05 Apr 2016
    Sold for $2,160,000
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About Prairiewood 2176

The size of Prairiewood is approximately 2.1 square kilometres. It has 7 parks covering nearly 37.1% of total area. The population of Prairiewood in 2011 was 3,008 people. By 2016 the population was 3,242 showing a population growth of 7.8% in the area during that time. The predominant age group in Prairiewood is 50-59 years. Households in Prairiewood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prairiewood work in a clerical occupation. In 2011, 71.3% of the homes in Prairiewood were owner-occupied compared with 68.6% in 2016.

Prairiewood has 1,243 properties.

    There are currently 5 properties listed for sale, and 4 properties listed for rent in Prairiewood on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Prairiewood.

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