Rare Affordable Hungry Jack’s Investment
20 Ryley Street , Wangaratta VIC
Property Highlights
Description
+ Landlord friendly Net ground lease to blue-chip tenant, Hungry Jack’s Pty Ltd
+ Renewed 5 year Net lease plus option to December 2027
+ Fixed 3.5% increases plus market review at option
+ Modern improvements plus drive thru, constructed in 2007
+ Tenant responsible for rates, insurance, repairs, plant/equipment and structural works
+ Strategic 1,815 sqm ‘island site’ interconnected with Coles/Kmart
+ 23 car spaces on-title
+ Wangaratta: Important commercial centre servicing catchment population over 58,000
+ Income: $109,738 pa + GST (Current)
+ Income: $113,676 pa + GST (December 2020)
For Sale by Auction
10.30am AEST Wednesday 24 June
River Room, Crown Casino, Melbourne
To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.
Property Details