174 Norris Road,
Bracken Ridge, QLD 4017
Medical & Consulting • Shops & Retail • Other
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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
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