SOLD
Sold on 01 Dec 2023 for $5,050,000

23 Smith Road
Woodridge QLD 4114

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4019m2
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Property Details for 23 Smith Rd, Woodridge

Building Type
Commercial
Land Size
4019m2
Local Government
Logan City
Lot/Plan
15/RP880099

Last Listing description (November 2023)

Stonebridge National Investment Sales is pleased to present 'Eden Academy Woodridge (Brisbane)' for sale via Immediate Offers to Purchase.

The asset has the following key investment features:


- Brand new 20 year net lease to 2043 + options to 2063 with fixed 3% annual rent increases

- Eden Academy - Premium, boutique national childcare operator with a leading network of 30+ centres^

- Large 4,019 sqm* site, improved by 86 place facility with 19 on-site car parks and immediate upside via DA approved residential subdivision

- Purpose built childcare centre completely refurbished in September 2023 offering strong depreciation benefits

- Outstanding childcare location, directly opposite Harris Fields State School and nearby two further schools, placing 1,317 primary school students within 950 metres*, plus an additional 17 schools within 3 km*

- Prominent signage to Smith Road and neighbouring primary school, only 230 metres* from major arterial Kingston Road, carrying 35,414+ vehicles daily

- Strategic position within south Brisbane employment nodes, hosting Bunnings, IKEA, ALDI, Woolworths, Coles, Kmart, Officeworks, BCF, Anaconda, Spotlight, McDonald's, Hungry Jack's, KFC & more within 2km* of the centre

- Woodridge - 17 km* south of the CBD and part of burgeoning Brisbane to Gold Coast growth corridor, forecast to grow by more than 50% to circa 548,000 residents by 2041, leading to an unprecedented level of infrastructure investment, with $18.9 billion of publicly funded projects now underway

- Heavily undersupplied catchment 6 children for every 1 childcare place

- 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 and outgoings + GST

- Net lease Tenant pays all usual outgoings including Insurance and Land Tax

- Net Income $296,700 pa* + GST

Eden Academy Woodridge (Brisbane) is offered for sale via Immediate Offers to Purchase.

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately
^Operational by the end of 2023

Property Code: 768

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Property History for 23 Smith Rd, Woodridge, QLD 4114

A timeline of how this property has performed in the market
Last Sold
$5,050,000
01 Dec 2023
  • 01 Dec 2023
    Sold for $5,050,000
  • 03 Oct 2023
    Listed for Sale Contact the Stonebridge Team
  • 08 Apr 2022
    Sold for $2,255,000
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About Woodridge 4114

The size of Woodridge is approximately 4.7 square kilometres. It has 21 parks covering nearly 8.1% of total area. The population of Woodridge in 2011 was 12,787 people. By 2016 the population was 12,571 showing a population decline of 1.7% in the area during that time. The predominant age group in Woodridge is 0-9 years. Households in Woodridge are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Woodridge work in a labourer occupation. In 2011, 39.6% of the homes in Woodridge were owner-occupied compared with 36.7% in 2016.

Woodridge has 5,449 properties. Over the last 5 years, Houses in Woodridge have seen a 122.79% increase in median value, while Units have seen a 99.05% increase. As at 31 October 2024:

  • The median value for Houses in Woodridge is $622,534 while the median value for Units is $393,731.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 38 properties listed for sale, and 18 properties listed for rent in Woodridge on OnTheHouse. According to CoreLogic's data, 333 properties were sold in the past 12 months in Woodridge.

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