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10 Grandview Drive
Mount Pleasant QLD 4740
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Sold on 27 Oct 2023

10 Grandview Drive Mount Pleasant QLD 4740

  • Shop & Retail
  • 322 m²
  • Sold

7 Year Lease to Red Rooster | Outstanding Main Road Position Directly Opposite Major Shopping Centre

    Burgess Rawson is pleased to offer to the market the Red Rooster located at 10 Grandview Drive, Mount Pleasant QLD for sale via our Investment Portfolio Auction 164.

    This opportunity has the following key investment highlights:

    + Renewed seven (7) year lease to Red Rooster to November 2030 plus options through to 2040.
    + Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
    + Investor preferred net lease structure, with the tenant paying all outgoings as per the lease
    + Desirable annual 4% rent increases and rare 6 month security deposit ($80,760.90).
    + Recent capital-intensive tenant funded fit out, bringing in line with new Red Rooster national branding.
    + Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
    + High exposure 1,900sqm* corner freehold site with drive-thru and 75 metres* of dual frontage.
    + Fast Food Investments: proven 'set and forget' asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.
    + Strategic highly desirable position directly opposite Mount Pleasant Shopping Centre featuring 70 plus stores, Priceline Pharmacy, Petbarn, and Amart.
    + Mackay: fast growing commercial centre underpinned by agriculture, mining and tourism. Current population 120,000*
    + Net Income: $172,000 pa* + GST.

    To be sold via Investment Portfolio Auction 164
    10:30am AEST Thursday 26 October 2023
    The Hilton Hotel

    *Approx
    **GapMaps

    AUCTION

    Auction date and time26/10/2023 10:30
    Auction locationThe Hilton, Brisbane
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold27 Oct 2023
    Floor Area322 m²
    Land Area1,900 m²
    ParkingAsk Agent
    Property ID2018799232
    Category
    Last updated  26 Oct 2023
    Map for 10 Grandview Drive Mount Pleasant QLD 4740
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold27 Oct 2023
    Floor Area322 m²
    Land Area1,900 m²
    ParkingAsk Agent
    Property ID2018799232
    Category
    Last updated  26 Oct 2023

    Co-Agents

    Andrew Havig
    Burgess Rawson VIC Pty Ltd
    Call
    0478 010 990
    Michael Hooper
    Michael Hooper
    Burgess Rawson Townsville
    Call
    0488 332 682
    Des Besanko
    Raine & Horne Commercial Mackay
    Call
    0419860129

    More about 10 Grandview Drive Mount Pleasant QLD 4740

    10 Grandview Drive Mount Pleasant QLD 4740 is categorized as Shop & Retail Property. It has a floor area of 322 m² and a land area of 1,900 m². The listing ID for this property is 2018799232.

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