Brand New Fully Leased Retail Convenience Centre

Burgess Rawson is pleased to offer to market a brand new retail convenience centre, located at 4 Carrington Street, West End (Townsville) QLD, via our Auction Investment Portfolio 159.

This new development consists of four brand new drive-thru freestanding retail opportunities offering the following key investment highlights:

Lot 1 – Banjo’s Bakery Café
+ 12 year net lease to 2034 plus four (4) further five (5) year options 2054
+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 40 sites nationally
+ Opened in December 2022 with modern dual lane drive-thru and 231sqm* restaurant
+ Offering outstanding depreciation benefits
+ Favourable CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $251,000 pa* + GST

Lot 2 – Hoppy’s Carwash
+ 10 year net lease to 2033 plus three (3) further five (5) year options to 2048
+ Hoppy’s Carwash: long established carwash and café operator with 10+ sites in Queensland
+ State of the art, automated carwash facility, drive-thru, designated dog wash and 8 x vacuum bays
+ The greater of fixed 2% or CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $120,000 pa* + GST

Lot 3 – Zambrero
+ 10 year lease to 2032 plus four (4) further five (5) year options to 2042
+ Zambrero: global fast food operator founded in 2005 with over 230 throughout Australia, America, New Zealand & Ireland
+ Modern 135sqm* drive-thru restaurant, opened in January 2023 offering outstanding depreciation benefits
+ Located in a prime position within the complex
+ Fixed 3% annual rent increases
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $114,500 pa* + GST

Lot 4 – Miss Sushi
+ 5.5 year lease to 2028 plus two (2) further five (5) year options to 2038
+ Miss Sushi: experienced operator with two restaurants in North Queensland
+ Newly constructed 75sqm* single lane drive-thru situated on a large 390sqm* site
+ Favourable CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $80,000 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 30 March 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.