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174 Norris Road, Bracken Ridge, Qld 4017

174 Norris Road, Bracken Ridge, Qld 4017

Medical/Consulting Retail Other

  • Sold Contact Agent
  • Fri 09-Aug-19

Outstanding Childcare Investment - Over 90% Occupancy - Brand New 15 Year Lease

  • Favourable childcare demographics
  • Fixed 3% annual rent increases
  • Net Income $462,300 pa + GST

  • Land Area
  • 0.56ha (1.37 acres) (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Aug 22, 2019
  • Car Spaces
  • 41
  • Parking Comments
  • On site car parks

Interested in this property? Contact an Agent today

Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street

Brisbane City Qld 4000

Tom Moreland, Cushman & Wakefield - Brisbane
Tom Moreland
Michael Collins, Cushman & Wakefield - Brisbane
Michael Collins

Outstanding Childcare Investment - Over 90% Occupancy - Brand New 15 Year Lease

Cushman & Wakefield are pleased to present the Bracken Ridge Childcare Centre at 174 Norris Road to the market.

The asset is underpinned by the following key investment features:

• Brand new 15 year lease plus 3 x 10 year options to 2063
• Whiz Kids - highly successful, strong performing tenant. Over 10 years’ experience and 85% occupancy across their operating portfolio
• Strategic location - close proximity to 5 schools, Brisbane North Tafe & 500m to Coles anchored Bracken Ridge Plaza
• Favourable childcare demographics - double income families & average annual population growth rate of 2.73% (60% greater than national average)
• Well established centre in operation since 2007 - recently extended (and fully refurbished) to become a 201 place facility
• Large, newly upgraded centre offering modern improvements, excellent outdoor playscape and significant depreciation benefits
• Bracken Ridge - vibrant family friendly community 19kms north of CBD, high demand for new housing - nearby Fitzgibbon Chase is a 20 stage project delivering 1,350 new homes
• Tenant pays all usual outgoings including Land Tax
• Fixed 3% annual rent

174 Norris Road, Bracken Ridge, Qld 4017

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