191 Bennett RoadSt Clair NSW 2759
Property Details for 191 Bennett Rd, St Clair
Last Listing description (October 2023)
Burgess Rawson is pleased to offer to market 191 Bennett Road, St Clair NSW for sale via our Investment Portfolio Auction 164.
The property has the following key investment highlights:
+ New 10 year lease to 2033 with 3 further 10 year options 2063
+ Appealing fixed 3.5% annual rental increases
+ Tenant pays outgoings, as per the lease
+ Dominant centre within fast growing St Clair where the population of 0-4yr olds is 17% higher than the state average
+ Enhanced with appealing centre upgrades, and generous play areas
+ Popular family area: 9 schools & 6,000+ students within 3km
+ Strong investment catchment - City of Penrith's population of 217,664 is forecast to grow by 69.5% to 369,000 by 2041
+ 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: $126,000 pa+ GST
To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday 24 October 2023
Sydney Opera House
*Approx
^Australian Government - Department of Education | Child Care Subsidy Reform
Property History for 191 Bennett Rd, St Clair, NSW 2759
- 24 Oct 2023Sold for $2,410,000
- 27 Sep 2023Listed for Sale Contact Agent
- 17 Aug 2022Sold for $1,220,000
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0About St Clair 2759
The size of St Clair is approximately 7.2 square kilometres. It has 20 parks covering nearly 12.8% of total area. The population of St Clair in 2011 was 19,837 people. By 2016 the population was 19,892 showing a population growth of 0.3% in the area during that time. The predominant age group in St Clair is 20-29 years. Households in St Clair are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Clair work in a clerical occupation. In 2011, 81.5% of the homes in St Clair were owner-occupied compared with 79.3% in 2016.
St Clair has 6,975 properties. Over the last 5 years, Houses in St Clair have seen a 65.76% increase in median value, while Units have seen a 47.70% increase. As at 31 August 2024:
- The median value for Houses in St Clair is $1,015,219 while the median value for Units is $764,002.
- Houses have a median rent of $620 while Units have a median rent of $450.
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