Share this property

Cushman & Wakefield - Brisbane

174 Norris Road Bracken Ridge, QLD 4017

Directions

174 Norris Road,
Bracken Ridge, QLD 4017

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

Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000

Map of 174 Norris Road

Directions

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: 21 Aug 2019

Agency contacts

Cushman & Wakefield - Brisbane
Cushman & Wakefield - Brisbane
Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
View agency profile
progress tick

Sending email...

Email enquiry

Michael Collins

Send to:

Michael Collins
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,

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.

Select agent to call