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429 Goodwood Road
Westbourne Park SA 5041
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Sold on 12 Aug 2024

429 Goodwood Road Westbourne Park SA 5041

  • Shop & Retail
  • 241 m²
  • Sold

Brand New 12 Year Head Office Lease to Hungry Jacks | New 2024 Construction - High-Profile 1,411sqm Corner Freehold

    Burgess Rawson are delighted to present to market the brand new Hungry Jacks located in Westbourne Park SA for sale via Investment Portfolio Auction 168.

    This prime investment has the following key highlights:

    + Brand new Twelve (12) year lease to February 2036 plus options to 2056.
    + Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022. (1)
    + New 2024 construction providing significant depreciation benefits.
    + High-profile 1,411sqm* corner freehold with substantial 75m* combined frontage and exposure.
    + Dual level state-of-the-art restaurant fitted out to Hungry Jack's latest corporate layout with important dual lane drive thru and 15 car spaces on title.
    + Strategic inner-metro outbound location, with 31,600* vehicles passing daily via Goodwood Road. (2)
    + Investor preferred net lease terms with Hungry Jack's paying all usual outgoings excluding land tax.
    + Fixed 3% rent increases annually.
    + Situated within close proximity to Cumberland Park Woolworths and Big W, Castle Plaza Shopping Mall (Coles, Cellarbrations + 50 retailers), Mitcham Square Shopping Centre (Woolworths + 58 retailers) and only 4.5km* from the Adelaide CBD.
    + Westbourne Park: Affluent inner-metro Adelaide suburb, with a median house price of $1,473,750. (3)
    + South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
    + Net Income: $226,205 pa* + GST.

    To be sold via Investment Portfolio Auction 168
    Wednesday 15 May 2024
    Sydney Opera House, Sydney

    Please contact the Burgess Rawson team for further information.

    Approx*
    1. Competitive Foods Australia
    2. GapMaps
    3. ***
    4. CommSec State of States Report

    AUCTION

    Auction date and time15/05/2024 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 Sold12 Aug 2024
    Floor Area241 m²
    Land Area1,411 m²
    ParkingAsk Agent
    Property ID2019191947
    Category
    Last updated  15 May 2024
    Map for 429 Goodwood Road Westbourne Park SA 5041
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold12 Aug 2024
    Floor Area241 m²
    Land Area1,411 m²
    ParkingAsk Agent
    Property ID2019191947
    Category
    Last updated  15 May 2024

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Romanor Falconer
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 808

    More about 429 Goodwood Road Westbourne Park SA 5041

    429 Goodwood Road Westbourne Park SA 5041 is categorized as Shop & Retail Property. It has a floor area of 241 m² and a land area of 1,411 m². The listing ID for this property is 2019191947.

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