Burgess Rawson is pleased to offer to the market 450-456 Bayswater Road, Mount Louisa (Townsville) for sale via our Investment Auction Portfolio 170.
This opportunity has the following key investment highlights:
+ 6.32* year WALE to unrivalled mix of convenience retail and fast food giants - United Petroleum, Red Rooster & Domino's
+ Fifteen (15) year head office net lease to United Petroleum to 2031 plus four (4) further five (5) year options to 2051
+ United Petroleum: top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with approximately 500 sites nationally
+ Fifteen (15) year head office net lease to Red Rooster to 2031 plus two (2) further five (5) year options to 2041
+ Red Rooster: part of Craveable Brands, who operate over 580 restaurants and serve 1 million+ customers per week
+ Ten (10) year head office net lease to Domino's to 2027
+ Domino's: multinational ASX-listed fast food giant, market cap of $3.86 billion* & 18,000+ locations worldwide
+ Landlord favourable lease structure with tenants responsible for 100% of outgoings, as per the leases
+ Favourable mix of CPI and fixed 3% annual rent increases
+ Domainant 4,048sqm* freehold corner site with 120+ metres of direct frontage to major arterial
+ Constructed in 2016, offering modern infrastructure and substantial depreciation benefits
+ Impressive 1,129sqm* improvements including single lane drive-thru and 2 freestanding restaurant/retail stores
+ Prime position amongst complementary mix of Australia's largest retailers including Bunnings, Dan Murphy's Hungry Jack's, Harvey Norman, Supercheap Auto & Chemist Warehouse
+ City of Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046 with $27 billion in infrastructure projects underway
Townsville: the commercial hub of Northern Australia, home to the largest military base with 15,000* personnel and the internationally recongnised James Cook University
+ Net Income: $572,105 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 8 August 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
