SOLD - 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 19 kms 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 increases
• Net Income $462,300 pa + GST

For more information please contact the exclusive agents at Cushman & Wakefield.