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54/38 Subiaco Square Road
Subiaco WA 6008
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Sold on 26 Jun 2024

54/38 Subiaco Square Road Subiaco WA 6008

  • Shop & Retail
  • 232 m²
  • Sold

Rare Affordable Metro Perth Fast Food Investment Opportunity

    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

    AUCTION

    Auction date and time26/06/2024 10:30
    Auction locationCrown Casino - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area232 m²
    Land Area232 m²
    ParkingAsk Agent
    Property ID2019271279
    Category
    Last updated  8 Jul 2024
    Map for 54/38 Subiaco Square Road Subiaco WA 6008
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area232 m²
    Land Area232 m²
    ParkingAsk Agent
    Property ID2019271279
    Category
    Last updated  8 Jul 2024

    Co-Agents

    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083

    More about 54/38 Subiaco Square Road Subiaco WA 6008

    54/38 Subiaco Square Road Subiaco WA 6008 is categorized as Shop & Retail Property. It has a floor area of 232 m² and a land area of 232 m². The listing ID for this property is 2019271279.

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