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SOLD - Cessnock (Hunter Valley) - G8 Education
223-225 Vincent Street Cessnock NSW 2325
Investments
Investment
Property No.
Key Property Highlights
| Annual Rental | $273,520 |
|---|---|
| Building Area | 706 sqm |
| Land Area | 2450 sqm |
| Parking | 25 on grade car parks |
| Listing Status | Sold |
Cushman & Wakefield are pleased to present 223 - 225 Vincent Street, Cessnock For Sale via Expressions of Interest closing on Thursday 26th July 2018 at 4pm AEST
The opportunity features:
- 10 year lease to 2027 plus options to 2042
- G8 Education Ltd - Largest ASX listed childcare and education provider with over 500 centres across Australia and Singapore - market capitalisation of $1.20 Billion
- Significant 2,450 sqm land holding along Cessnock’s main retail/commercial precinct, adjacent to Bunnings
- Newly completed centre in 2017 providing modern and well designed childcare centre
- Licensed for 104 long day care places
- Cessnock - Hunter Valley region with a population of 56,000 and famous for its wineries and strong mining and agricultural industries
- Tenant pays all usual outgoings (incl. management fees)
- Favourable lease structure including ratchet provisions ensuring income growth
- Fixed 4% annual rent increases
- Net Income $273,520 pa + GST
*Approx.
For more information please contact the exclusive agents at Cushman & Wakefield.