Entry Level Fast Food Investment
201 First Street , Geraldton WA
Property Highlights
Description
+ Renewed 6 year lease to 2023 plus option to 2028.
+ Fixed annual 3.5% increases.
+ The current tenant is a successful Dominoes franchisee building a network of seven stores since 2012.
+ Tenant pays all usual outgoings including Land Tax.
+ Modern building with on-site car parking.
+ Gateway location opposite busy Bunnings Warehouse and only 250 metres from the $28.3 million Geraldton Homemaker Centre.
+ Prime 1,012 sqm* corner site with huge exposure to 17,000+ vehicles passing daily.**
+ Geraldton: Major Economic, Mining, Tourism, Aquaculture & Agriculture Hub including Australia’s largest grain export terminal. By 2036, the City of Geraldton’s population is forecast to grow 47% to 56,103.***
+ Net Rent: $60,937 pa* + GST
To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
*approx.
**GapMaps
***Forecast.id
Property Details