Sold

Blue Ribbon Fast Food Investment

Description

Renewed 10 year ‘Head Office’ lease
Prominent corner position adjoining Cairns DFO
Net income: $248,432*pa + GST

Leased to Hungry Jack’s Pty Ltd until March 2030
Fixed 4% annual rent increases
Plus 2 x 5 year options to 2040
Prominent 3,188*sqm corner site adjoining Cairns DFO Centre with 74 tenancies and 1,200+ car spaces
Successful store with brand new, dual 2 lane drive-thru facility
39 on-site car spaces plus waiting bays
Passing traffic count of approximately 35,000 per day
7% turnover rent payable over threshold
Tenant pays all outgoings as per the lease

*Approximate

Sold in conjunction and/or as agent with Burgess Rawson

Address

Open on Google Maps

Address: 274 Mulgrave Street, Westcourt (Cairns) QLD
State/county: Queensland
Zip/Postal Code: 4870
Area: Cairns/Townsville

Details

Updated on September 4, 2023 at 3:14 am

Property ID CECI-3114
Property Type Fast Food
Property Status Sold

Features

Contact Information

All figures and site boundaries are approximate. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries and obtain their own independent advice, in order to verify the information.