Brand New Freestanding Fast Food Investment - New 12 year lease to 2035 plus options

Description

Burgess Rawson is pleased to offer to the market Oporto Warrawong located at Lot 4, 86 King Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.

This opportunity has the following key investment highlights:

+ Brand new 12 year lease to 2035 plus options to 2055
+ Oporto: part of Craveable Brands who operate 600+ stores including Oporto, Red Rooster, Chicken Treat & Chargrill Charlie’s, a wholly owned subsidiary of PAG Asia Capital
+ PAG Asia Capital: a leading alternative investment firm that have USD100 billion invested into Asia and beyond
+ Fixed 3% annual rental increases ensuring long term compounding income growth
+ Substantial 1,607sqm* freehold landholding with exposure to King Street.
+ Bayview Centre: premium fast food, liquor and large format retail centre completed in 2023, opposite the third largest Shopping centre in the Wollongong LGA, Warrawong Plaza
+ Strategic position in nationally tenanted Bayview Centre neighbouring McDonald’s, Hungry Jacks, Starbucks, Oporto, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn
+ Brand new state-of-the-art facility with pivotal drive-thru offering significant depreciation benefits
+ Highly exposed to a combined 77,000+ vehicles passing daily
+ Warrawong: highly sought-after location in NSW’s booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
+ Net Income: $244,710 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House

Also available as part of Burgess Rawson’s August Portfolio Auction.

– McDonald’s Warrawong
– Hungry Jack’s Warrawong
– Starbucks Warrawong
– Liqourland (Coles Group) & Domino’s Warrawong

Please contact the exclusively appointed sales team for more information.

*approx

Enquire

Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Geoff Sinclair Director
0451 462 759
Rhys Parker Partner
0451 101 042
Enquiry Form

Warrawong, NSW

Lot 4, 86 King Street

For Sale by Portfolio Auction
Tuesday 6th August 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 170

Price: Contact Agent

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