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KD Special Projects - Brisbane

48 Main Street Narangba, QLD 4504

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48 Main Street,
Narangba, QLD 4504

Development Sites & Land • Other

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$1,700,000

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Map of 48 Main Street

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DA Approved 130 Place Childcare Development Site with AFL & 20-Year Lease in Place

  • DA Approved 130 Place Childcare Site
  • AFL & 20 Year Lease in Place
  • High Growth & Undersupplied Catchment
KD Special Projects is excited to present 48 Main Street, Narangba to the market for sale by way of Expressions of Interest closing Thursday 6th July 5pm.

On offer is a 1,930sqm* (approx) parcel of land with a DA Approval for a 130-place childcare centre. With AFL & 20 year Lease in place and BA mostly complete, all that's left to do is get to work and deliver this outstanding development and investment opportunity.

Southeast QLD-based operator Happy Hearts Childcare & Kindergarten has been secured and a binding AFL and favourable 20-year net lease is in place. Happy Hearts currently have 6 operational centres in: Caboolture, Petrie, Albany Creek, Park Ridge, Richlands East & Goodna, as well as 6+ greenfield centres either in construction or secured under an AFL.

Located within the rapidly growing Moreton Bay region and the Narangba East Structure Plan Area, and nearby to Narangba State School with 688 enrolments, this is an exceptional opportunity to secure a premium DA approved 130 place childcare centre site in an undersupplied catchment with a ratio of 3 children per licenced place.

Once delivered, this brand new and state-of-the-art purpose-built facility will be one of the newest and best centres in South-East Queensland.

This opportunity will be attractive to a wide range of Childcare developers, and astute investors alike to deliver and establish a key piece of social infrastructure to service this rapidly growing area for years to come.

Key Insights:
- 1,930sqm* Allotment (approx.)
- 130 Place DA Approved Childcare Development Site
- Architectural modern design
- AFL & 20 year Lease in place on favourable terms
- BA & Opworks 99% complete
- Prime location nearby to Narangba State School – 688 Enrolments
- Right in, Right Out access
- Undersupplied Catchment – 3.0 Children Per Licenced Place
- Directly opposite Narangba Train Station – Major Train Station
- Located within the Narangba East Structure Plan Major development area

A detailed due diligence pack can be provided to qualified buyers.

For more information, please contact Nick Koschel from KD Special Projects on 0421 571 4....

Property ID: 504348244Last Updated: 7 Apr 2024

KD Special Projects - Brisbane

1050 Manly Road
TINGALPA, QLD 4173
04215714...
KD Special Projects - Brisbane
48 Main Street
Narangba, QLD 4504
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