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SOLD - Cessnock (Hunter Valley) - G8 Education

223-225 Vincent Street Cessnock NSW 2325

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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.

SOLD - Cessnock (Hunter Valley) - G8 Education223-225 Vincent StreetCessnock, NSW 2325
223-225 Vincent Street Cessnock NSW 2325