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SOLD - Parkes (Central West) - 15 Year Triple Net Lease to ASX Listed G8 Education
1-3 High Street Parkes NSW 2870
Investments
Investment
Property No.
Key Property Highlights
| Land Area | 2023 sqm |
|---|---|
| Parking | Onsite |
| Listing Status | Sold |
Cushman & Wakefield is pleased to present to the market 1-3 High Street, Parkes for Sale via Auction.
The property has the following key characteristics:
- 15 year triple net lease to 2030 + options to 2045
- G8 Education - Leading ASX listed early education provider across 470+ centres, market cap $1.08 Billion
- Centrally located facility within close proximity of 4 primary schools, Woolworths, Coles, Aldi & McDonald’s
- Purpose built centre with 4 activity rooms & multiple outdoor play areas, licensed for 70 places
- Imminent mid-term market review in 2022 providing potential rental uplift
- Lease secured by 6 month Bank Guarantee & 2 year notice period to exercise options
- Triple Net Lease - Tenant pays all outgoings including Management Fees & Structural Repairs & Maintenance
- Parkes - Diverse economy, strong industry anchored by transport, mining, agriculture & ‘National Logistics Hub’, epicentre of $14.5 Billion Inland Rail Project
- Minimum 3% annual rent increases
- Net Income $129,838 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW
Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.
Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.