SOLD - Cessnock (Hunter Valley) - Dominant High Occupancy Childcare Leased to ASX Listed Giant

Cushman & Wakefield is pleased to present to the market 223 Vincent Street, Cessnock (Hunter Valley) for Sale via Auction.

The property has the following key characteristics:

• 10 year lease to 2027 + options to 2042
• G8 Education - Australia’s leading ASX listed education provider across 470+ centres - Market Cap. $852 Million
• Core CBD activity centre location among high profile tenants incl. Bunnings, Coles, Woolworths, Aldi & Big W
• Conveniently positioned near five schools, Cessnock TAFE & Performing Arts Centre
• Modern 104 place facility boasting high occupancy
• Newly built in 2017 providing significant depreciation
• Net lease - Tenant pays all outgoings including Management Fees
• Secure lease structure including ratchet provision - ensuring rent cannot decrease
• Cessnock - Renowned Hunter Valley region, famous for its wineries & strong mining & agricultural industries with a population of 61,256+ people
• Fixed 4% annual rent increases
• Net Income $307,672 pa + GST

The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Monday 27 September at 1pm.

All interested parties will have access to our Live Stream & Online Bidding Platform strictly via prior arrangement.

Brisbane Live Stream & Bidding Facilities will be available at the below venue;

Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street

Should you hold interest in bidding on the asset from the above location or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.