Burgess Rawson is pleased to offer to the market the leased investment Grill'd restaurant at Subiaco Square Road, Subiaco (Perth), WA for sale via our Investment Portfolio 169.
The property has the following investment highlights:
+ Brand new five (5) year Grill'd head office lease to October 2028 plus options to 2038
+ Strong and certain rental growth with fixed 4% rent increases annually
+ Investor preferred net lease terms with Grill'd paying all usual outgoings including land tax
+ Strategic inner-metro location, situated next to Subiaco Train Station, with 14,384 travellers passing daily and the main thorough fare through to Rokeby Road
+ Grill'd: Established in 2004 and successfully operating for 20 years with 170+ stores and 4400+ employees nationwide (1)
+ State-of-the-art restaurant fitted out to Grill'd latest corporate design and layout
+ High-profile 232sqm* corner restaurant with substantial 58m* combined frontage and exposure (2)
+ Situated within close proximity to Subi Square and Marketland Subi Shopping Centres anchored by Woolworths, Coles, BWS, Target and Subway
+ Subiaco: Affluent inner-metro Perth suburb, with a median house price of $1,620,000 (3)
+ Western Australia experienced the highest growth in housing prices nationally in the last 12 months, registering a 16.32% increase (4)
+ Net Income: $103,626 pa* + GST
To be sold by Investment Portfolio Auction (unless sold prior):
10:30am AEST Wednesday 26 June 2024
Crown Casino, Melbourne
*Approximately
1 Grill'd
2 Gapmaps
3 ***
4- PropTrack Home Price Index
