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Cushman & Wakefield - Brisbane
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174 Norris Road Bracken Ridge, QLD 4017

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For Sale

174 Norris Road Bracken Ridge, QLD 4017

Medical & Consulting • Shop & Retail • Other
Sale Price

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Land area

0.56ha (1.37 acres)

Floor area

1.0m²

Car spaces

41

Parking info

On site car parks

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$462,300
Number of Tenants
1 Tenant
Tenants / Type
Whiz Kids

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
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 increases
• Net Income $462,300 pa + GST

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

Property ID: 503104446Last Updated: 23 May 2019

Cushman & Wakefield - Brisbane
174 Norris Road
Bracken Ridge, QLD 4017
Tom Moreland
Michael Collins

Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000

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Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Tom Moreland

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Tom Moreland
Cushman & Wakefield - Brisbane
174 Norris Road Bracken Ridge, QLD 4017

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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