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44-48 Graham Street
Wonthaggi VIC 3995
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Sold on 15 May 2024

44-48 Graham Street Wonthaggi VIC 3995

  • Shop & Retail
  • 1 m²
  • Sold

Renewed 10 Year Ground Lease to 2034 | Proven KFC Store, On-Site 19+ Years

    Burgess Rawson is pleased to offer to the market KFC, 44-48 Graham Street (Bass Highway), Wonthaggi VIC for sale via our Investment Portfolio Auction 168.

    This investment has the following key highlights:

    + Renewed 10 + 10 + 10 year ground lease from August 2024 through to December 2054.
    + Proven KFC restaurant with tenant on-site 19+ years.
    + Southern Restaurants: Australia's largest private KFC franchise group with 6,000+ employees across 94 locations in VIC, NSW & ACT. (1)
    + Highly sought after ground lease structure tenant responsible for all capital and structural repairs and maintenance.
    + Investor preferred net lease terms with tenant paying all usual outgoings including building insurance.
    + Fixed 3% annual rent increases assuring income growth.
    + Impressive KFC restaurant with major 2024 store refurbishment planned.
    + Strategic 2,330sqm* 'corner island site' with 193m* quadruple frontage and important 20 on-title car spaces.
    + Site includes 663sqm* of surplus land providing immediate development upside (STCA).
    + High profile Bass Highway corner landholding with exposure to 18,995+ vehicles passing daily. (2)
    + Potential 50% stamp duty saving.
    + Wonthaggi: capital township of Bass Coast shire, with a trade catchment of circa 20,000 (plus season holiday influx).
    + Net Income: $125,620pa* + GST (as at 5 August 2024).

    For Sale by Investment Portfolio Auction
    10:30am AEST Wednesday 15 May 2024
    Yallamundi Rooms, Sydney Opera House

    *Approx
    1. LinkedIn
    2. GapMaps

    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 Sold15 May 2024
    Floor Area1 m²
    Land Area2,330 m²
    ParkingOn site parking available
    Property ID2019184768
    Category
    Last updated  16 May 2024
    Map for 44-48 Graham Street Wonthaggi VIC 3995
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold15 May 2024
    Floor Area1 m²
    Land Area2,330 m²
    ParkingOn site parking available
    Property ID2019184768
    Category
    Last updated  16 May 2024

    Co-Agents

    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Sam Mercuri
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 709
    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304

    More about 44-48 Graham Street Wonthaggi VIC 3995

    44-48 Graham Street Wonthaggi VIC 3995 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 2,330 m². The listing ID for this property is 2019184768.

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