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.
Remember to mention you found this property on CommercialReady.com.au
