8 Goode Street, Newtown

A unit located on a lot in 5/DP15672 Dubbo NSW. The local government is Dubbo Regional, it has 2 bedrooms, 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
2
Bathrooms
1
Car spaces
0
Land size
1374 m2
Building size
321 m2
Council area
Dubbo Regional
Year built
n/a
Lot plan
5/DP15672 Dubbo NSW
House type
Commercial: Office Building



HISTORY

Last sold 09/03/2018
$1,510,000



LISTING DESCRIPTION
as of March 2018

Affordable Childcare Investment ASX Listed Provider New 15 year lease to G8 Education Ltd to 2032 + options to 2052Minimum 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 billionSubstantial 1,374 sqm parcel of land with well-maintained facility licensed for 40 LDC placesComplementary position only 250m from the high-traffic thoroughfare of Cobra Street (Mitchell Highway) and within 1.6 km of six schoolsDubbo City services a trade catchment of 130,000 residents and underpinned by flourishing retail, tourism and agriculture sectorsNet lease with full recovery of outgoings including management feesNet Income: $86,000 pa + GST (rising by 3% pa to $130,083 pa + GST by 2031)