A recently built Goodstart Childcare in Brisbane has been listed for sale via Stonebridge Property Group, as part of its March National Portfolio.
Located at 60 Wesley Road, Griffin, the centre sits within one of Brisbane’s fastest-growing residential catchments, with the suburb’s population forecast to grow by more than 60% by 2046*.
This growth is evidenced by recent expansion of Griffin State Primary School, positioned directly opposite the property. The 1,159+ student* school underwent a $22 million extension in 2020 to accommodate the area’s rapidly increasing young population. A brand new Woolworths anchored shopping centre is also being built within close proximity to the asset.
Furthermore, Griffin currently holds a childcare demand ratio of approximately 3.3 children aged 0–5 for every available place, leaving the 110 place centre well positioned to service the family favourite catchment.
The purpose-built facility, completed in 2021, is secured by a 15-year net lease to Goodstart Early Learning through to 2035, with options extending to 2055, providing investors with long-term income security.
Stonebridge Property Group’s Tom Moreland, Michael Collins, Thomas Proberts and James Freemantle are managing the sale of the asset, which will be offered via National Portfolio Auction on Wednesday 25 March at 11am (AEDT).
Stonebridge Partner, Tom Moreland commented, “It is extremely rare for a newly built Goodstart childcare freehold to hit the public market. Goodstart identified Griffin as an under-supplied, metropolitan growth catchment poised for future growth and place marked an ideal site directly across from the local primary school.”
Thomas Proberts added, “Our recent sales of metro childcare centres highlight the ongoing demand for premium assets such as Goodstart Griffin. South East Queensland in particular, continues to benefit from strong population growth, evidenced by suburbs such as Griffin, which is expected to grow a further 60% over the next 20 years.”
For media enquiries or further information, please contact:
Tom Moreland | +61 408 072 822 | tmoreland@stonebridge.com.au.
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