Prime West End Development Site Housing Childcare Centre Snapped Up

A large 1338 sqm site housing a childcare centre and residence in West End has been sold for $3.8 million, attracting strong interest from investors eyeing its long-term redevelopment upside.

Read: A Fresh Take on The West End Towers

The property at 86 Jane Street is currently occupied by Edge Early Learning childcare centre, which has a lease running until 2027 with a five-year option. It also contains a five-bedroom, two-bathroom residential dwelling.

Edge Early Learning at Jane Street is an educational facility that has 44 spaces and consists of three separate classrooms or learning environments. These three distinct areas are designated for different age groups: one for infants (Nursery), another for toddlers (Toddler room), and the third for preschool-aged children (Kindergarten room).

Photo credit: Edge Early Learning West End – Jane Street/Google Maps

The site was purchased by Shally Family Trust after an expressions of interest campaign that generated 78 inquiries and multiple offers, despite initial price expectations over $4 million not being met.

Deepen Khagram of Remax Commercial, who brokered the deal on behalf of a syndicate of vendors, said the sizeable land holding in a prime riverside location was the major drawcard.

Childcare centre
Photo credit: Edge Early Learning West End – Jane Street/Google Maps

Mr Khagram said it was very difficult to find land of that size and location, situated just 2km from the CBD and 200m from the river. He noted that investor interest was outstanding for a tenanted investment on such a large landholding in the heart of West End.

Whilst currently bringing in annual net rental income of over $130,000, Mr Khagram noted the new owners would likely be attracted to the potential to redevelop the site in future given the rapid apartment development occurring in the suburb.

Read: New Housing Proposed at Historic Dixon’s Tannery Site in West End

The site previously changed hands in 2011 at a purchase price of $1.55 million, experiencing significant capital growth and increase in value over the last ten years, driven by the gentrification and urban renewal in West End.

Published 2-May-2024

Discover Westoria, West End’s New Weekend Night Market

Friday nights on Jane Street in West End will never be the same again once Westoria, a unique night market, opens this October. Find out why.

Read: Renovated West End Cafe Offers Immersive, Full-Service Dining Experience

Every Friday, from 7 October 2022, visitors will receive a grand ‘EATS meets West’ spectacle where visitors can escape the city and enter ‘a peculiar place where everything and nothing makes sense.’

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Designed to be a world away from the usual Friday night, Westoria plans to deliver ‘bewildering moments and eccentric entertainers’ spread across two uniquely themed, immersive spaces. 

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Tuck into tempting treats from aromatic street-food stalls, including Wagyu Blacks, Roll It Ice Cream Co, Cairo Eatery and more, while indulging in devilishly good beers, wines, and Westoria’s first mystical signature cocktail ‘Stardust’…if you dare.

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This new weekly night market promises to be a place where the ‘weird, wild, and whimsical’ comes to life.

There will be live music, enchanting fire dancers and stilt walkers, plus a bizarre, fun-filled performance from Rebel Lyons. Mae the Medium will also be on hand to help the curious see their future unfold before their very eyes!

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Westoria opens at 120 Jane St, West End, on Fridays, 4:00 p.m. to 10:00 p.m. beginning the 7th of October. You can find them right next to the home of the West End Markets. 

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The market is organised by Goodwill Projects, the same folks who brought Brisbane some of the widely popular farmers ‘markets in Milton, The City, Redcliffe, and Carseldine, as well as the iconic Teneriffe Festival.

Read: Kurtosh Brings European-inspired Pastries And Cakes To West End

To celebrate its opening, Westoria is having an exclusive giveaway, for a chance to WIN a $200 bar tab!

For more information, visit Westoria’s website or follow them on Facebook @Westoria.bne to stay updated about the opening. 

Please note that due to the extremely limited street parking in the area, visitors are strongly advised to take advantage of public transport, ride-share, taxis, bike or scooter.