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Lot 33, 86 King Street
Warrawong NSW 2502
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Sold on 6 Aug 2024

Lot 33, 86 King Street Warrawong NSW 2502

  • Shop & Retail
  • 222 m²
  • Sold

Brand New Freestanding Hungry Jack's Investment | New 15 Year Net Lease

    Burgess Rawson is pleased to offer to the market Hungry Jack's Warrawong located at Lot 33, 86 King Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.

    This opportunity has the following key investment highlights:

    + Brand new 15 year net lease to 2039 plus options to 2059
    + Hungry Jack's: national fast food giant operating over 450 stores with 19,000+ employees
    + Fixed 3% annual rent increases ensuring long term compounding income growth
    + Attractive net lease structure Hungry Jack's pays 100% of outgoings including land tax, property management and R & Ms
    + Brand new 2023 construction, offering maximum depreciation benefits
    + Immaculate state-of-the-art facility with important dual lane drive thru
    + Bayview Centre: premium fast food, liquor and large format retail centre completed in 2023, opposite the third largest Shopping centre in the Wollongong LGA, Warrawong Plaza
    + Ideally positioned within brand new nationally tenanted Bayview Centre neighbouring McDonald's, Starbucks, Oporto, Liqourland/Domino's, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn.
    + Benefiting from the Bayview Centre's 312 on-grade car parks including 11 exclusive car spaces
    + Favourable turnover rent provisions offering future rental upside
    + Warrawong: highly sought-after location in NSW's booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
    + Net Income: $305,000 pa* + GST (plus Hungry Jack's turnover rent)

    To be sold by Investment Portfolio Auction
    10:30am AEST Tuesday 6 August 2024
    Yallamundi Rooms, Sydney Opera House

    Also available as part of Burgess Rawson's August Portfolio Auction.

    - McDonald's Warrawong
    - Starbucks Warrawong
    - Oporto Warrawong
    - Liqourland (Coles Group) & Domino's Warrawong

    Please contact the exclusively appointed sales team for more information.

    *Approx.

    AUCTION

    Auction date and time06/08/2024 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold6 Aug 2024
    Floor Area222 m²
    Land Area1,325 m²
    ParkingAsk Agent
    Property ID2019351686
    Category
    Last updated  8 Aug 2024
    Map for Lot 33, 86 King Street Warrawong NSW 2502

    Nearest transport* to Lot 33, 86 King Street Warrawong NSW 2502

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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold6 Aug 2024
    Floor Area222 m²
    Land Area1,325 m²
    ParkingAsk Agent
    Property ID2019351686
    Category
    Last updated  8 Aug 2024

    Co-Agents

    Yosh Mendis
    Burgess Rawson Sydney
    Call
    0434 413 188
    Geoff Sinclair
    Burgess Rawson Sydney
    Call
    0451 462 759
    Rhys Parker
    Burgess Rawson Sydney
    Call
    0451 101 042

    More about Lot 33, 86 King Street Warrawong NSW 2502

    Lot 33, 86 King Street Warrawong NSW 2502 is categorized as Shop & Retail Property. It has a floor area of 222 m² and a land area of 1,325 m². The listing ID for this property is 2019351686.

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