Burgess Rawson is pleased to offer to market the Red Rooster at 3 Rex Hills Drive, Ripley QLD for sale via our Investment Auction Portfolio 164.
This opportunity has the following key investment highlights:
+ Brand new ten (10) year head office lease to 2033 plus four (4) further five (5) year options to 2053
+ Red Rooster: part of the Craveable Brands international network with 580 restaurants across Australia and employing over 13,000 people
+ Highly desirable freestanding fast food investment constructed in October 2023, offering outstanding tax depreciation benefits of $125,900 in the first year (90% of rent)
+ High profile 1,823sqm* site located directly off the Cunningham Highway servicing 40,000 vehicles passing daily* and directly adjoining Ampol, McDonald's, Guzman y Gomez and Smartland Early Learning
+ Conveniently located 4km* from the Coles anchored Ripley Town Centre supported by 20 specialty stores and a current DA of 2,000+ residential dwellings
+ Annual fixed compounding 2.5% rent increases, ensuring certain income growth
+ Single lane drive-thru, modern configuration with on-site parking for 12 cars
+ Ripley: located in the Ripley Valley Priority Development Area (PDA) 32km* from the Brisbane CBD in one of Australia's largest urban growth areas with development planning for 48,750 dwellings and 131,000+ residents
+ Ipswich: 7th fastest growing metropolitan location in Australia with forecast population growth of 120% to 520,000+ by 2041
+ Net Income: $139,100 pa + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 26 October 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
