Sold
Strategic Brisbane Childcare Opposite Schools – 20 Year Lease to National Operator
1 Hogarth Road, Ferny Grove (Brisbane) QLD

Stonebridge is pleased to present ‘Sparrow Early Learning Ferny Grove (Brisbane)’ for sale via Expressions of Interest closing Thursday 5 September 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)’ is 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

Listing Map