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Sold on 9 Aug 2019

174 Norris Road Bracken Ridge QLD 4017

  • Medical / Consulting
  • 5,558 m²
  • Sold

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.

Address174 Norris Road Bracken Ridge QLD 4017
ZoningEC - Emerging community
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2014957315
Date Sold9 Aug 2019
Floor AreaAsk Agent
Land Area5,558 m²
Parking41 x Onsite parkings
Building TypeWhole building
Last updated  23 May 2019
Map for 174 Norris Road Bracken Ridge QLD 4017
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

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