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Entry Level Fast Food Investment

201 First Street, Geraldton WA

Property Highlights

Renewed 6 Year Lease to 2023

Attractive 3.5% Annual Rent Increases

Only Domino's in Geraldton

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
1,012 SQM
Gross Building Area
120 SQM

Contact Agents

Jamie Perlinger

0413 860 315

Rob Selid

0412 198 294

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