Entry Level Fast Food Investment
201 First Street , Geraldton WA
Property Highlights
Description
Renewed 6 year lease to 2023 plus option to 2028.
Guaranteed rental growth – fixed 3.5% annual rent increases.
Tenant pays all usual outgoings including Land Tax.
Gateway location opposite busy Bunnings Warehouse with 16,000+ vehicles passing daily.
Modern building with 8 on-site car parks.
Prominent 1,012 sqm corner site.
Geraldton: Major economic hub, Mining, Tourism, Aquaculture & Agriculture including Australia’s largest grain export terminal. By 2036 population growth is forecast to grow more than 35% to 65,000.
Domino’s $3.28 billion ASX listed company with 2,450 stores globally selling 180 million pizza’s in 2017/18.
Net Income: $56,886 pa
Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne
Property Details