Sold
Flagship Parramatta Childcare Investment | Positioned In High Growth Young Population Area
1 Patricia Street, Mays Hill NSW 2145
Last Asking Price - $9,025,000-$9,927,500
OfficeSize: n/a
Block size: 1044 m² approx.
Burgess Rawson is pleased to offer 1 Patricia Street, Mays Hill NSW to the market for sale via our Investment Portfolio Auction 167.
The property has the following investment highlights:
+ Long 15 year net lease to 2038
+ Plus two 10 year options extending to 2058
+ Compounding 3% annual rent increases ensuring income growth
+ Net lease, tenant pays all usual outgoings as per the lease
+ Impressive architecturally designed purpose-built childcare centre opened in 2023, licensed for 111 LDC places - offering significant depreciation benefits
+ Young Academics ELC is a highly experienced & dominant childcare operator with 36 centres across Greater Sydney
+ Highly connected location - 1.5km* from Westfield Parramatta Shopping Centre, Westmead Hospital and four train stations
+ Mays Hill & Parramatta: young family demographic with population within 1.5km of property soaring at 75% faster than NSW average
+ Parramatta is evolving into a vibrant global city, driven by rapid population growth, significant investments in community and economic infrastructure, making it a key player in Sydney's future
+ 15 schools within a 2km radius of the property
+ Land tax free commercial investment (NSW only)
+ Child Care/Early Education is a essential service and is one of Australia's most sought after asset classes, heavily supported by Federal and State government funding. In 2022-2023, the Federal Government contributed over $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.2 million families.^
+ Net Income: $571,650 pa* + GST (May 2024)
To be sold by Investment Portfolio Auction
10:30 am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: www.portfolioauctions.com.au
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
The property has the following investment highlights:
+ Long 15 year net lease to 2038
+ Plus two 10 year options extending to 2058
+ Compounding 3% annual rent increases ensuring income growth
+ Net lease, tenant pays all usual outgoings as per the lease
+ Impressive architecturally designed purpose-built childcare centre opened in 2023, licensed for 111 LDC places - offering significant depreciation benefits
+ Young Academics ELC is a highly experienced & dominant childcare operator with 36 centres across Greater Sydney
+ Highly connected location - 1.5km* from Westfield Parramatta Shopping Centre, Westmead Hospital and four train stations
+ Mays Hill & Parramatta: young family demographic with population within 1.5km of property soaring at 75% faster than NSW average
+ Parramatta is evolving into a vibrant global city, driven by rapid population growth, significant investments in community and economic infrastructure, making it a key player in Sydney's future
+ 15 schools within a 2km radius of the property
+ Land tax free commercial investment (NSW only)
+ Child Care/Early Education is a essential service and is one of Australia's most sought after asset classes, heavily supported by Federal and State government funding. In 2022-2023, the Federal Government contributed over $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.2 million families.^
+ Net Income: $571,650 pa* + GST (May 2024)
To be sold by Investment Portfolio Auction
10:30 am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: www.portfolioauctions.com.au
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
Inspections
No open inspections scheduled.
Send an enquiry
Contact Michael Vanstone to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
1044 m²*
Other Details
Lot:
821
Plan Type:
DP
Plan:
1291477
Legal description:
821/1291477
Maps and area information
Block information
Block size: 1044m² (approx)
Legal description: 821/1291477
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
27 Mar 2024
Sold
Burgess Rawson Sydney
Listed: 27/02/2024
Block size: 1044m²
Transfer type: Full transfer
13 Jan 2022
Sold
$4,550,000
Contract: 23/09/2021
Transfer: 13/01/2022
Block size: 1031m²
Transfer type: Full transfer
Purpose: Residence
05 Sep 2017
Sold
$2,039,000
Contract: 01/06/2017
Transfer: 05/09/2017
Block size: 1031m²
Transfer type: Full transfer
Purpose: Residence
Mays Hill suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
32 years
Population
1,902
Listing ID: 182330399. This listing has been viewed 5 times. It was first displayed on 27/02/2024 and last updated on 27/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.