Brand New Freestanding Fast Food Investment - 20 Year Lease to 2043

Description

CBRE is pleased to offer to the market Guzman y Gomez, 124 Plunkett Street, Nowra (South Coast) NSW for sale via our Investment Portfolio Auction 162.

This property has the following key investment highlights:

+ Brand new 20 year lease to 2043 plus two further 10 year options to 2063

+ Guzman y Gomez: one of Australia's fastest growing fast food chains with 190+ restaurants and employing over 10,000 people

+ Compounding fixed 3% annual increases ensuring long term rental growth

+ Landlord friendly lease terms – tenant pays outgoings as per the lease including land tax

+ Brand new construction in 2023 offering maximum depreciation benefits 

+ Prime Princes Highway corner landholding with direct exposure to over 74,000 vehicles passing daily*

+ Commanding position next to McDonald's, BP, Autobarn, Taco Bell, 7-Eleven, Carl's Jr., Petbarn and Stockland Shopping Centre, minutes to Nowra CBD

+ Nowra: Sought after NSW South Coast location with a greater population of 34,000+ people**, 162km south-west of Sydney. The population of Shoalhaven is expected to grow more than 30% to 142,936 people by 2051***

+ Net Income: $274,360 pa + GST

To be sold by Investment Portfolio Auction 10:30am AEST Tuesday 1 August 2023 Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed CBRE team for more information.

*roads-waterways.transport.nsw.gov.au **population.net.au ***economy .id.com.au/shoalhaven All figures are approx.

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Contact agents
Yosh Mendis Senior Director
0434 413 188
Geoff Sinclair Director
0451 462 759
Rhys Parker Partner
0451 101 042
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Nowra, NSW

124 Plunkett Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 162

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