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
