CBRE is pleased to offer to the market Zarraffas Rockhampton located at 32 Cambridge Street, Rockhampton QLD for sale via Private Treaty. This opportunity has the following key investment highlights:
+ Brand new ten (10) year head office net lease to July 2035 plus four (4) further five (5) year options through to July 2055
+ Zarraffa’s: established in 1996, Zarraffa’s is an Australian owned specialty coffee chain with 70+ restaurants nationally
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Brand new drive-thru Zarraffa’s restaurant adjoining Oporto, with 7 on-title car spaces
+ Dominant 951sqm* corner landholding with a combined 60m* of dual street frontage to Cambridge Street & Campbell Lane, and with direct access to Bruce Highway, offering exposure to 110,166 vehicles passing weekly*
+ Strategically positioned within 1km* of the City Centre Plaza Rockhampton, anchored by Coles & Target & supported by 25+ specialty retailers, as well as being located within 500m* of national QSR retailers McDonald’s, KFC, Red Rooster, Subway, Banjo’s & Guzman Y Gomez
+ Brand new construction complete July 2025, offering maximum depreciation benefits
+ Located adjoining the busy Oporto and opposite the recently redeveloped Rockhampton Leagues Club and the $63 million redevelopment of the Browne Park Stadium, attracting strong consistent foot traffic
+ Rockhampton: the capital of central Queensland with a population forecasted to increase beyond 98,000 by 2041
+ Net Income: $141,476 pa* + GST To be sold via Private Treaty. Also available as part of CBRE’s September Portfolio Auction:
– Oporto Rockhampton Please contact the exclusively appointed sales team for more information..
*Approx.