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8 Goode Street Dubbo, NSW 2830

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8 Goode Street Dubbo, NSW 2830

Offices • Medical & Consulting
Sold Price

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Land area

1374.0m²

Floor area

1.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

12 Mar 2018

Affordable Childcare Investment – ASX Listed Provider

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

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)

Property ID: 502724370Last Updated: 10 Sep 2018

8 Goode Street
Dubbo, NSW 2830

Agency contacts

Burgess Rawson - Sydney

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Send to:

Michael Vanstone
Burgess Rawson - Sydney
8 Goode Street Dubbo, NSW 2830

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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