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76a Jubilee Highway East
Mount Gambier SA 5290
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Sold on 15 May 2024

76a Jubilee Highway East Mount Gambier SA 5290

  • Shop & Retail
  • 252 m²
  • Sold

Renewed 10 Year 'Head Office' Lease | Substantial 2,388*sqm Hwy Site

    Burgess Rawson in conjunction with Key 2 Sale are pleased to offer to the market this established Red Rooster opportunity at 76 Jubilee Highway East, Mount Gambier SA, for sale via Investment Portfolio Auction 168.

    + Renewed 10 Year 'Head Office' lease to Red Rooster to 2030
    + Three (3) further Five (5) year options through to 2045
    + Red Rooster: part of the Craveable Brands international network with 580 restaurants across Australia.
    + Favourable CPI rent reviews - next due November 2024
    + Substantial 2,388*sqm highway site and exposure to 14,350+ vehicles passing daily*
    + Modern 252*sqm building to the latest corporate design and important drive thru facility.
    + Consistent high-ranking store nationally across 'all aspects'
    + Includes 7 car spaces on-title, plus a further 12 spaces on license agreement as per the lease.
    + Strategic highway site, surrounded by key national retailers including; Woolworths, Dan Murphy's, BP, Coles & Harvey Norman within 1.5*km radius
    + Mount Gambier: South Australia's second largest urban city with a growing population of circa 30,000
    + No stamp duty payable
    + Current Net Income: $87,178.38pa* + GST
    + Forecast Net Income: $90,876pa* + GST (as at November 2024 assuming 3.5% increase, noting current CPI 4.8%)

    For Sale by Investment Portfolio Auction 168
    10:30am AEST Wednesday 15 May 2024
    Sydney Opera House

    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 Area252 m²
    Land Area2,388 m²
    ParkingAsk Agent
    Property ID2019184921
    Category
    Last updated  16 May 2024
    Map for 76a Jubilee Highway East Mount Gambier SA 5290
    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 Area252 m²
    Land Area2,388 m²
    ParkingAsk Agent
    Property ID2019184921
    Category
    Last updated  16 May 2024

    Co-Agents

    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898

    More about 76a Jubilee Highway East Mount Gambier SA 5290

    76a Jubilee Highway East Mount Gambier SA 5290 is categorized as Shop & Retail Property. It has a floor area of 252 m² and a land area of 2,388 m². The listing ID for this property is 2019184921.

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