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8 Goode Street, Dubbo, NSW 2830

8 Goode Street, Dubbo, NSW 2830

Offices Medical/Consulting

  • Sold $1,510,000
  • Mon 12-Mar-18

Affordable Childcare Investment – ASX Listed Provider

  • New 15 year net lease to 2032
  • Options to 2052
  • Ideal location near busy main road

  • Land Area
  • 1374.00 m² (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 29, 2018

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Michael Vanstone

Affordable Childcare Investment – ASX Listed Provider

New 15 year lease to G8 Education Ltd to 2032 + options to 2052
Minimum 3% pa rental increases plus lease provisions at market review ensuring rent will not reduce (ratchet clause)
G8 Education Ltd: largest ASX listed early education provider with over 500 centres across Australia and Singapore, and with a market cap of $1.5 billion
Substantial 1,374 sqm parcel of land with well-maintained facility licensed for 40 LDC places
Complementary position only 250m from the high-traffic thoroughfare of Cobra Street (Mitchell Highway) and within 1.6 km of six schools
Dubbo City services a trade catchment of 130,000 residents and underpinned by flourishing retail, tourism and agriculture sectors
Net lease with full recovery of outgoings including management fees
Net Income: $86,000 pa + GST (rising by 3% pa to $130,083 pa + GST by 2031)

8 Goode Street, Dubbo, NSW 2830

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