Stonebridge is pleased to present ‘Sparrow Early Learning Ferny Grove (Brisbane)’ for sale via Expressions of Interest closing Thursday 5 September 2024 at 3pm (AEST). The asset has the following key investment features: - Brand new 20 year net lease to 2044 + 3 x 10 year options to 2074 with fixed 3% annual rent increases - Sparrow Early Learning: Dominant national operator across 60 location with annual revenue exceeding $130 million* - Large 2,002 sqm* corner site with impressive 149 m* frontage across three streets, improved by newly refurbished 75 place childcare centre with 16 car parks - Purpose built childcare completely refurbished in July 2024, including a new kitchen, fit-out and playscapes, providing significant depreciation benefits - Unbeatable position, directly opposite Ferny Grove Primary School and nearby two further schools, placing 3,300+ students within 500m* - Convenient location only 750m* from Ferny Grove Central, a new $140 million* retail and residential precinct to be adjoined to Ferny Grove Train Station with 1,400 bay Park ’n’ Ride facility - Ferny Grove – Idyllic family suburb 10 km* from the Brisbane CBD, offering a wealth of education, retail and transport amenity, catchment population set to grow 17.4% to 2046* - Brisbane – Booming capital city and economic engine of the $409 billion* Queensland economy, population forecast to grow 40% in the next 20 years to 3.5 million* residents - Lease secured by Bank Guarantee equivalent to 3 months’ rent + GST - Net lease – Tenant pays all usual outgoings including Insurance and Land Tax - Net Income $345,000 pa* + GST ‘Sparrow Early Learning Ferny Grove (Brisbane)’ for sale via Expressions of Interest closing Thursday 5 September 2024 at 3pm (AEST). Please contact the exclusively appointed Stonebridge property professionals for more information. *Approximately Property Code: 1011
E-Mail-Anfrage an Stonebridge Property Group - Brisbane
Immobilie ID: 504652068