Brand New Convenience Retail and Fast-Food Freehold Investment
Description
Cushman & Wakefield together with CBRE are pleased to offer to the market 51 Tiffany Centre, Dalyellup (Bunbury) WA for sale via Expressions of Interest.
The property has the following key highlights:
+ Brand new, purpose-built state-of-the-art convenience retail and fast-food freehold investment.
+ Long 12 & 10 year net leases plus options to global and national retail giants.
+ 7-Eleven: AUS #1 convenience retailer with 760+ stores, recently purchased for $1.71B* by 7-Eleven International LLC with 46,000+ sites globally. (1)
+ Chicken Treat: rapidly growing fast-food brand wholly owned by QSR giant Craveable Brands, who also own Red Rooster and Oporto with 600+ locations. (2)
+ Investor preferred net lease terms, with tenants paying all outgoings including land tax.
+ Guaranteed income growth via fixed 3% & 2.7% annual rent increases.
+ Immaculate 7-Eleven plus freestanding Chicken Treat restaurant with dual lane drive-thru.
+ 2024 construction completion providing significant depreciation benefits.
+ High profile 3,704sqm* freehold landholding with 178 metre* triple frontage.
+ Important 28 on-title sealed and lined car spaces.
+ Prime town centre position opposite Woolworths, McDonald’s, KFC and Coles (under construction).
+ Benefits from Dalyellup Beach Estate which will house 11,000 residents upon project completion. (3)
+ Bunbury: WA’s second largest city and economic hub of south-west region.
+ Greater Bunbury: booming region with population forecast to increase to 213,000 by 2026. (4)
+ Net Income: $460,370pa* + GST
For Sale via Expressions of Interest:
Closing 3:00pm (AWST) Tuesday 12 November 2024
*Approx
1. 7-Eleven
2. Craveable Brands
3. Satterley
4. Forecast.id
Cushman & Wakefield agents
Ben Younger – 0410 533 679
Nick Charlton – 0467 399 681
CBRE agents
Beau Coulter – 0413 893 898
Yosh Mendis – 0434 413 188
Jamie Perlinger – 0413 860 315
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Contact agents
Beau Coulter Senior Director
0413 839 898
Yosh Mendis Senior Director
0434 413 188Enquiry Form
Dalyellup, WA
51 Tiffany Centre
- Sold Price: Contact Agent
This property was sold as part of Portfolio 172
Contact agents
-
Beau Coulter Senior Director
0413 839 898 -
Yosh Mendis Senior Director
0434 413 188