Blue Ribbon Fast Food Investment – Renewed 10 Year Head Office Lease

274 Mulgrave Road, Westcourt QLD

Property Highlights

10 Year 'Head Lease' + option to 2040
Prominent corner position adjoining DFO
4% Fixed annual rent increases

Description

– Leased to Hungry Jack’s Pty Ltd until March 2030
– Plus 2 x 5 year options to 2040
– Fixed annual 4% rent increases
– Prominent 3,188 sqm corner site adjoining Cairns DFO Centre with 74 tenancies and 1,200+ car spaces
– Successful store with brand new, dual 2 lane drive-thru facility
– 39 on-site car spaces plus waiting bays
– Passing traffic count of approximately 35,000 per day
– 7% turnover rent payable over threshold
– Tenant pays all outgoings as per the lease
– Net Income: $248,432 pa + GST

Auction: 10.30am AEST, Wednesday 24 June 2020

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
3,188 SQM
Building Area
333 SQM

Contact Agents

Glenn Conridge

0413 873 337

Contact Me

Raoul Holderhead

0413 860 304

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