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Top Performing KFC – Adjoins Woolworths Anchored Shopping Centre

51-57 Hospital Road, Emerald QLD

Property Highlights

New 15 Year Lease to 2033
Freestanding KFC - Top Performer
ASX200 Tenant Covenant

Description

# New 15 year lease to 4 August, 2033
# Net passing income of $108,638 p.a.
# 100% leased to ASX200 company, Collins Foods Limited (ASX:CKF), which reported $901.2 million in revenue in the 2019 financial year and has a market capitalisation of approximately $1.17 billion
# Collins Food is operating a high performing KFC from the property which has recorded 13.7% turnover growth in the year to 23 June, 2019
# KFC Emerald is located in one of the most productive regions in the country, the Central Highlands Region, with Gross Regional Product of $140,322 per capita compared to Gross Domestic Product per capita of $79,107 across Australia
# High profile, freestanding restaurant on an expansive 1,263 sqm site with 20 car parks and fronting Hospital Road & Gregory Highway
# Directly next door to Woolworths-anchored ‘The Village @ Emerald’ shopping centre which generates significant foot traffic
# Tenant pays all outgoings excluding land tax

Auction 12 noon AEDT, Wednesday 30 October 2019
Crown Casino, Melbourne VIC

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
1,263 SQM
Building Area
301 SQM

Contact Agents

Glenn Conridge

+610 413 873337

Contact Me

Raoul Holderhead

0413 860 304

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