50 Coreen AvenuePenrith NSW 2750
Property Details for 50 Coreen Ave, Penrith
50 Coreen Ave, Penrith is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 803m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Last Listing description (August 2024)
RWC Western Sydney is excited to present a childcare investment property at 50 Coreen Avenue, Penrith via Auction.
Situated in one of Australia's fastest-growing regions, Penrith offers exceptional amenities, including healthcare, retail, education, transportation, and affordability.
This modern facility is leased to Young Academics, a renowned childcare operator in Western Sydney with over 40 centers, providing investors with strong confidence in both the tenant's capabilities and the prime location.
Additional Highlights of the Property:
High occupancy 48-place childcare facility
Long 15-year lease until 2038 with 2x10 year options
Generating $238,464* plus GST per annum, with 3.5% increases annually
100% outgoings payable by the lessee as per the lease agreement
Recently built in 2023 with significant depreciation benefits
Land tax-free commercial investment opportunity (NSW only)
Located in the growth area of Penrith, just 17 km* from the upcoming Western Sydney Airport
Instructions are to be sold on Auction day (unless sold prior).
The property is offered for sale via in-room auction on Thursday, July 18 at 1:00 pm.
Auction venue: Level 6, 150 George Street, Parramatta NSW.
For more information, please contact the exclusive selling agents.
Property History for 50 Coreen Ave, Penrith, NSW 2750
- 13 Aug 2024Sold for $5,000,000
- 23 Jun 2024Listed for Sale Auction
- 17 Sep 2020Sold for $1,050,000
Recent sales nearby
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0About Penrith 2750
The size of Penrith is approximately 12.5 square kilometres. It has 35 parks covering nearly 13.5% of total area. The population of Penrith in 2016 was 13295 people. By 2021 the population was 17966 showing a population growth of 35.1% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation.In 2021, 36.00% of the homes in Penrith were owner-occupied compared with 40.70% in 2016.
Penrith has 13,010 properties. Over the last 5 years, Houses in Penrith have seen a 48.58% increase in median value, while Units have seen a 32.73% increase. As at 30 April 2026:
- The median value for Houses in Penrith is $1,142,672 while the median value for Units is $643,330.
- Houses have a median rent of $620 while Units have a median rent of $575.
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