3-5 Classic Way Burleigh Waters QLD 4220

Burgess Rawson is pleased to offer to the market, Red Rooster Centre, Burleigh Waters QLD for sale via Private Treaty.

The property has the following investment highlights:

+ Drive-thru Red Rooster and 5 fast food/convenience retail shops on one 4,579sqm* freehold title.
+ Prime location on Gold Coast's 2nd busiest intersection, with over 83,000 vehicles passing daily (1).
+ Highly strategic landholding; seamlessly integrated with McDonald's and Treetops Plaza Shopping Centre (Coles and Chemist Warehouse), and opposite Bunnings Warehouse, Australia Post and Westpac
+ Easy access and generous on-site parking for 43 cars*.
+ Robust leasing arrangements for the landlord; 5.6 year WALE (Weighted Average Lease Expiry), 60% of the rent from national/international tenants and 5 of the 6 tenants have no options beyond 2030.
+ Outstanding 37% sales growth (all tenants combined) in the centre since September 2020.
+ Set-and-forget net lease terms with favourable annual rent reviews and tenants responsible for rates, building insurance, public liability insurance, repairs and maintenance.
+ Medium term potential to occupy, redevelop and/or subdivide (STCA) and re-sell individually.
+ Low 15% site coverage* and flexible "Centre Zone" zoning, allowing for a wide variety of uses and potential 8-9 level development (STCA).
+ Booming Gold Coast location with 70% house price growth over the last 2 years (2) and 45% forecast LGA population growth by 2041 (3).
+ Australia's fast food industry is tipped to hit $22 billion in 2022 (4).
+ Projected Net Income: $544,089 pa + GST (5).

To be sold by Private Treaty

*Approx
1. GapMaps
2. ***
3. Queensland Goverment
4. IBIS World
5. Based on Sep CPI