174 Norris Road,
Bracken Ridge, QLD 4017
Medical & Consulting • Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Tenure type
Sold on
Cushman & Wakefield - Brisbane
Level 11, 123 Eagle StreetBRISBANE CITY, QLD 4000
07 3852 22...
174 Norris Road
Bracken Ridge, QLD 4017
Map of 174 Norris Road
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.
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: 21 Aug 2019
Cushman & Wakefield - BrisbaneLevel 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Contact Agency
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Cushman & Wakefield - Brisbane
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
263 Handford Road,Taigum, QLD 4018 0.52 ha (1.3 acres)Shops & Retail • Medical & Consulting • Offices