29 Garden Road Richlands QLD 4077

Burgess Rawson is pleased to offer to market the Guzman y Gomez located at 29 Garden Road, Richlands QLD for sale via our Investment Auction Portfolio 158.

The property has the following investment highlights:

+ Rare and highly sought after fast food investment leased blue chip tenant Guzman y Gomez
+ Recent ten (10) year lease to Guzman y Gomez to 2031 plus four (4) further five (5) year options to 2051
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ Guzman y Gomez: one of Australia's fastest growing fast food franchises with 149 restaurants nationally and a 28% annual increase in sales growth
+ Highly desirable freehold fast food investment, constructed in May 2021, offering outstanding tax depreciation benefits
+ 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
+ Dual lane drive-thru, modern configuration with ample on-site car parking
+ Surrounded by national tenants including KFC, Hoppy's Car Wash, 7-Eleven, Total Tools, Ampol and Repco
+ Richlands: average weekly household income of $1,709*, ensuring strong retail spending
+ Brisbane: the third largest city in Australia, with a population, forecasted to grow by 230% to 4.2 million residents by 2050
+ Net Rent: $193,266 pa* + GST (as at 14 May 2023)

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 23 February 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.