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)
