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2 Coles Drive
Ormeau QLD 4208
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Sold on 20 Mar 2024

2 Coles Drive Ormeau QLD 4208

  • Shop & Retail
  • 417 m²
  • Sold

Trophy Fast-Food & Convenience Retail Investment | Adjoining Coles anchored Ormeau Village Shopping Centre

    Burgess Rawson is pleased to offer to the market the Hungry Jack's & Viva Energy/Shell investment located at 2 Coles Drive, Ormeau for sale via our Investment Portfolio 167.

    The property has the following investment highlights:

    + World class complementary tenancy mix secured by Viva Energy Australia and Hungry Jack's.
    + Exceptional 7.8-year* WALE with evenly distributed income streams.
    + Viva Energy Limited (ASX: VEA): Blue-chip $5.4 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market. **
    + Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022.***
    + Landmark 4,990 sqm* corner freehold with triple street frontage, adjacent to the high trading Coles anchored Ormeau Village Shopping Centre and Zupp Property's $100 million "Interciti" commercial precinct.
    + Top tier ASX listed and national essential services tenant covenants.
    + State-of-the-art fuel and convenience retail centre plus two (2) level Hungry Jack's restaurant plus drive thru.
    + Attractive annual fixed rent increases of 3.5%, along with favourable turnover rent from Hungry Jack's.
    + New 2019 construction, offering significant depreciation benefits.
    + Ormeau: Booming median house price increasing by 27.1% over the past 24 months****
    + City of Gold Coast: Population of over 647,000 and the city is expected to approach 1 million by 2041.*****
    + City of Gold Coast Developments: $22.79 billion of completed or future developments within the Gold Coast Region.******
    + Net Income: $396,858 pa* + GST (plus Hungry Jack's turnover rent)

    For Sale by Investment Portfolio Auction
    10:30am AEDT Tuesday 26 March 2024
    Yallamundi Rooms, Sydney Opera House

    Bidder registration required, register here: https://auctionslive.com/app/bidder-registration/XqLVP

    ASIAN INVESTMENT SERVICES
    ZOMART HE
    0488 220 830
    zhe@burgessrawson.com.au

    *Approx
    **Viva Energy Australia
    ***Competitive Foods Australia
    *******
    *****City of Gold Coast Economic Outlook 2023
    ******City of Gold Coast

    AUCTION

    Auction date and time26/03/2024 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold20 Mar 2024
    Floor Area417 m²
    Land Area4,990 m²
    ParkingAsk Agent
    Property ID2019112537
    Category
    Last updated  25 Mar 2024
    Map for 2 Coles Drive Ormeau QLD 4208
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold20 Mar 2024
    Floor Area417 m²
    Land Area4,990 m²
    ParkingAsk Agent
    Property ID2019112537
    Category
    Last updated  25 Mar 2024

    Co-Agents

    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083
    Yosh Mendis
    Burgess Rawson Sydney
    Call
    0434 413 188
    Andrew Havig
    Burgess Rawson Queensland
    Call
    0478 010 990

    More about 2 Coles Drive Ormeau QLD 4208

    2 Coles Drive Ormeau QLD 4208 is categorized as Shop & Retail Property. It has a floor area of 417 m² and a land area of 4,990 m². The listing ID for this property is 2019112537.

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