27 King Street Warrawong NSW 2502

Burgess Rawson and Next Commercial are pleased to offer to the market a brand new Guzman y Gomez leased investment located at 27 King Street, Warrawong (Wollongong) NSW, for sale via our Investment Portfolio Auction 172.

The property has the following investment highlights:

+ Brand new 20 year lease to 2044 plus two further 10 year options to 2064
+ Guzman y Gomez: ASX listed and one of Australia's fastest growing fast food chains with 200+ restaurants internationally and employing over 15,000 people^
+ Brand new freestanding quick service restaurant (QSR) with dual lane drive-thru on 1,469 sqm* corner site with prime exposure to King Street
+ King Street: a major thoroughfare through Warrawong's business district with 40,000 passing vehicles per day, and home to national tenants including McDonalds, Hungry Jack's, Ampol, Caltex as well as Warrawong Plaza anchored by Woolworths and Coles
+ State-of-the-Art facility offering maximum depreciation benefits constructed in 2024
+ Valuable 14 on-site parking spaces
+ Warrawong: suburb of Wollongong with population forecast to grow by 31.7% to 291,797 by 2046^^
+ Compounding fixed 3% annual increases ensuring guaranteed rental growth
+ Tenant pays outgoings, as per lease
+ Net Income $330,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday, 29 October 2024
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed team for more information

*Approx
^www.guzmanygomez.com.au
^^forecast.id.com.au