77/3 Buninyong Street, Watson, ACT 2602

Burgess Rawson is pleased to present an exceptional childcare investment opportunity at 77/3 Buninyong Street, Watson, ACT, as part of our Investment Portfolio Auction 176.

This brand-new childcare centre is securely leased to the highly regarded Not For Profit provider, Community Services #1, offering investors a dependable and long-term income stream.

Ideally positioned within the vibrant Nørrebro Watson development, this purpose-built childcare centre caters to children from nursery through to preschool. Spanning a generous 443sqm, the thoughtfully designed layout features spacious, age-appropriate rooms with direct access to shared facilities including bathrooms, craft areas, and restful quiet zones—ensuring comfort and functionality throughout.

A welcoming reception area and high-quality staff amenities further enhance the centre, creating a professional and supportive environment for educators. Outdoors, the 508sqm landscaped play area offers a variety of engaging features including turf zones, sandpits, cubby houses, and shaded spaces—encouraging imaginative play, active learning, and outdoor exploration in a safe and stimulating environment.

Located just 7 km from Canberra’s CBD, Watson is a leafy, well-established suburb known for its strong sense of community and connection to nature, including nearby reserves like Mount Majura. Offering a diverse mix of housing—from freestanding homes to townhouses and apartments—Watson continues to attract a broad demographic of residents. The population increased from 5,862 in 2016 to 6,727 in 2021, with continued growth forecast for North Canberra. Combined with excellent connectivity, quality amenities, and access to local education options, Watson presents as an ideal location for a long-term childcare investment.

Highlights: 
+ New 15-Year Net Lease with options to 2045
+ Brand New 60-Place Childcare Centre
+ Leased to Not for Profit - Community Services #1
+ Completed Build February 2025
+ Tenant pays all outgoings, as per lease
+ Close proximity to high quality primary and secondary schools 
+ High Needs Location Servicing Inner North
+ North Canberra’s population projected to grow by 28% by 2041
+ Desirable annual rental increases of 3%
+ Substantial Depreciation

Net Income: $252,000pa + GST

To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday 13 May 2025
Sydney Opera House

For more information, please contact Guy Randell 0430 272 999 & Michael Vanstone 0403 580 528