RWC Retail are proud to present Grill'd Bulimba, 124 Oxford St, Bulimba QLD for sale by Auction. On offer is a freestanding trophy retail investment leased to one of Australia's largest fast food operators for over 17 years, in one of Brisbane's most affluent suburbs
|What|
• A freestanding single tenanted fast food investment leased to Australian fast food giant Grill'd (170+ stores nationwide)
• 10 Year head-office lease to Grill'd, with the tenant responsible for all usual outgoings (excl. Land Tax)
• Anchored by Grill'd since 2007 (17 years)
• High profile building with 195sqm* of under roof area with both front and rear customer access
• Net Income of $227,968* + GST p.a.
|Where|
• Irreplaceable 339sqm* land parcel in the heart of the prized suburb of Bulimba, just 2.5km* from the Brisbane CBD
• Highly desired positioning on Oxford Street, one of Brisbane's most tightly held retail precincts
• Flanked by significant traffic generating amenity including a Woolworths Supermarket, Cinemas, Schools and one of the largest sporting clubs in Queensland
• Bulimba is one of Brisbane's most affluent suburbs, with a median house price of $1.87 million^ and median per capita income 57%^^ greater than the Australian benchmark
• Imminent population growth underpinned by the development of the Bulimba Barracks - delivering 850+ new dwellings for over 2,000 new residents
|Why|
• Set & forget investment with a net lease and longstanding national tenant who is responsible for day to day maintenance of the property
• Inflation resilient CPI + 1% annual rent increases
• Grill'd is a proven national operator, having successfully cornered the upmarket burger chain market that is ideally suited to Bulimba's demographics
• Bulimba is one of Grill'd's best performing Queensland stores, leading to them doubling the size of the store in 2017 & leasing the entire property
• First time offered to market in over 30 years
The Auction will be conducted at Level 26,111 Eagle Street, Brisbane City, on Thursday 18 July 2024 at 9:45 am (AEST).
*Approximate
^***
^^IQCensus
