Burgess Rawson is pleased to offer to market the Banjo's Bakery Cafe located at 148E Station Road, Burpengary QLD for sale via our Investment Portfolio Auction 173.
The property has the following investment highlights:
+ Fifteen (15) year head office lease to Banjo's Bakery Café to 2038 plus two (2) further ten (10) year options to 2058
+ Banjo's Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 50 sites nationally & servicing over 6.3 million customers* annually
+ Perfectly positioned 2,612sqm* freehold site, directly adjoining McDonald's & 7-Eleven, and within 500 metres of national retailers ALDI, KFC, World Gym, Supercheap Auto, Hungry Jack's and Burpengary Plaza & Burpengary Central Shopping Centre, anchored by Coles, Kmart, Woolworths & BWS
+ Tenant responsible for 100% of outgoings including management fees, as per the lease
+ Annual fixed compounding 3% rent increases, ensuring rental growth
+ Impressive purpose-built freestanding drive-thru fast food restaurant, with 22 on-site car parks ensuring ease of access
+ Constructed in June 2023, providing significant tax depreciation benefits
+ Strategic location in a thriving residential growth corridor, capturing over 60,000 residents* within a 5km* radius and benefiting from direct access to the Bruce Highway - exposure to over 120,000 vehicles passing daily*
+ Burpengary: booming North Brisbane residential growth corridor and retail epicentre, located 30km* from the CBD
+ Moreton Bay Region: one of Australia's fasted growing regions, with population forecast to grow by over 95% to more than 934,000 by 2046
+ Net Income: $251,350 pa + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 12 December 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
