31-32 Park Avenue 11,593 SF Retail Building Kingswood Penrith, NSW 2747 For Sale

CBRE presents an outstanding opportunity to acquire the Fast and Curious Early Learning Centre—a state-of-the-art childcare facility in booming Western Sydney. This asset features a brand-new 15-year net lease extending to 2041, with two additional 10-year options through 2061, delivering secure and long-term rental income. The property generates a net income of approximately $572,400 per annum plus GST, supported by fixed 3% annual rental increases, and all outgoings paid by the tenant.
Positioned on a significant 1,467 m² landholding, this recently completed (2024) 108-place childcare center is immaculately built and benefits from 28 basement car parks—an increasingly rare feature in urban centers. The facility stands within a robust education catchment with 14 schools and more than 7,000 full-time students within a five-minute drive. This area is underpinned by a $30 billion government infrastructure pipeline in Penrith City, reinforcing strong long-term growth forecasts.
Additional investment appeal includes substantial depreciation benefits, exemption from NSW land tax for childcare, and security provided by a 4.5-month bank guarantee. As an essential service asset, the childcare sector receives bipartisan government backing, highlighted by Australia’s $16 billion funding commitment toward early education, further securing the sustainability of this category.