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Rare Affordable Hungry Jack’s Investment

20 Ryley Street, Wangaratta VIC

Property Highlights

Head Office Company Tenant
Landlord Friendly Net Lease
Fixed 3.5% increases
Register to Bid

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
1,815 SQM
Building Area
250 SQM

Contact Agents

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