Blue Commercial is pleased to present to the market for the first time in 48 years, this rare childcare property investment opportunity.
This long-established childcare centre occupies a prominent, elevated corner site at the intersection of Thynne Road and Pashen Street in the heart of Morningside, one of Brisbane’s most sought-after inner-eastern suburbs.
The property is leased to the nationally recognised early education provider, Only About Children with a network of more than 80 campuses across three states. The tenant’s significant footprint, combined with the strategic location and established nature of the centre, provides investors with a compelling opportunity to acquire a high-quality childcare asset underpinned by a proven operator.
Positioned within a tightly held residential catchment characterised by strong population growth and increasing household incomes, the property benefits from excellent accessibility, strong street presence, and a longstanding reputation within the local community.
Features on offer:
– National operator with lease options until December 2037
– Net income $213,000pa + GST *
– Annual CPI rental increases
– Blue-chip location just 4.5* radial kms east of the CBD
– 330 metres* to Morningside State School
– 4 primary schools within 1.6km* radius
– Strong 12.2%* population growth suburb in the latest 2021 census
– Prime 1,425m2 elevated, corner position
– Zoned low-medium density residential
– 695m2* soundly constructed 2 level brick building
This rare property holding is offered for sale via Expressions of Interest closing Thursday 16th July at 4pm (AEST).
*approx.
