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New Childcare Development Inner North

19 Challis Street, DICKSON ACT, 2602

For Lease

Property for Lease in 19 Challis Street, DICKSON ACT, 2602

Burgess Rawson (ACT) Pty Ltd

Suite 152, Level 1, 41 Eastlake Parade, Kingston, ACT 2604

Listing ID:
11290942
Status:
Active
For:
Lease
Price:
Under Offer
Last Updated:
09/01/2020
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Property Type

Retail/Other
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Land Area

N/A
Icon size

Floor Area

1461 SQM
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Parking

N/A

New Childcare Development Inner North

An outstanding opportunity for an experience childcare operator to lease a childcare centre in a brand new mixed-use precinct in Canberra's inner north anchored by the new 13,000 sqm ACT Government office building with over 1,000 workers.

Prominent location in Dickson along Northbourne Avenue, the major arterial between north Canberra and the CBD.
The mixed-use precinct is located directly at the new transport hubs: light rail interchange and bus interchange, incorporating the most prolific new transport links to be built in Canberra for over 10 years.

The childcare centre will be positioned directly opposite the brand new ACT Government building with an abundance of basement car parking incorporating drop off bays and direct access to the childcare centre located on Level 1, with separate lobby and lift access.

Surrounded by professional services, retail, new residential precincts, shopping and restaurant district and established housing. This development is part of the redevelopment Master Plan for the revitalisation of the Northbourne corridor.

The ACT has experienced exponential growth over the past few years, and Canberra is forecast to have the strongest growing market of all capital cities to 2020. This is due to a high level of confidence across all sectors of the market, higher labour productivity, low unemployment rate and higher average household income.

According to the Needs Analysis (Business Geographics, Sept 16), the market could potentially support up to 300 places by 2021 without creating a significant long term over supply of places.
- The ratio of children per place in the catchment area is 3:1 (updated: ABS, Business Geographics, Feb 2018).
- Population forecast of children under 5 years is an additional 248 children by 2021.
- Demand for working population childcare places is 80-85 by 2021.
- Daytime workers in the area is predicted to increase to 17,000 people by 2021.

EOI closes 4pm Friday 20 April 2018.

For more details, please email agent

Burgess Rawson (ACT) Pty Ltd

Suite 152, Level 1, 41 Eastlake Parade, Kingston, ACT 2604


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