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223 Vincent Street
Cessnock NSW 2325
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Sold on 23 Sep 2021

223 Vincent Street Cessnock NSW 2325

  • Shop & Retail
  • 706 m²
  • Sold

Dominant High Occupancy Childcare Leased to ASX Listed Giant

  • ASX Listed Tenant - G8 Education Limited
  • Fixed 4% annual rent increases
  • Net Income $307,672 pa + GST

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.

Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold23 Sep 2021
Floor Area706 m²
Land Area2,450 m²
Parking25 x Onsite parkings
Property ID2017223090
Category
Last updated  27 Sep 2021
Map for 223 Vincent Street Cessnock NSW 2325

Nearest transport* to 223 Vincent Street Cessnock NSW 2325

Bus
Rover Depot, Vincent St26 m
Vincent St Before Aberdare Rd160 m
Vincent St Before Hall St312 m
Aberdare St Opp High St428 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold23 Sep 2021
Floor Area706 m²
Land Area2,450 m²
Parking25 x Onsite parkings
Property ID2017223090
Category
Last updated  27 Sep 2021

Listed by

Cushman & Wakefield Sydney
Call
02 8243 9999

More about 223 Vincent Street Cessnock NSW 2325

223 Vincent Street Cessnock NSW 2325 is categorized as Shop & Retail Property. It has a floor area of 706 m² and a land area of 2,450 m². There are 25 x onsite parkings.The listing ID for this property is 2017223090.

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