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161 Boat Harbour Drive, Hervey Bay, QLD, 4655

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161 Boat Harbour Drive, Hervey Bay, QLD, 4655

Hervey Bay

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161 Boat Harbour Drive, Hervey Bay, QLD, 4655

Hervey Bay

SOLD
161 Boat Harbour Drive, Hervey Bay, QLD, 4655

161 Boat Harbour Drive, Hervey Bay, QLD, 4655

Properties / Sold / Queensland / Hervey Bay
Tenanted Investment
Selling Method
Auction
Selling Details
Thursday 29 August 2024 at 12pm.
Land Area
3,392 m² (*approx)
Property Type
Retail
Sub-type
Cafe/Restaurant, Mixed Use
Terms
KFC leased until 2031 plus 2 x 5 year options Pizza Hut leased until 2029 plus 2 x 5 year options
Est. Income
$353,383 p/a
Fully Leased
KFC, Pizza Hut
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KFC and Pizza Hut Investment in Major QLD Coastal Growth Region
  • Estimated Net Income $353,383* p.a.
  • Leased to KFC (2031) & Pizza Hut (2029)
  • Prime Main Road Position

161 Boat Harbour Drive, Urraween (Hervey Bay) is truly a prime investment offering tenanted by two long term national fast foods brands. Located in one of the highest profile positions in Hervey Bay, the offering provides a secure income stream with strong annual growth in an unbeatable location.

- KFC leased until 2031 plus 2 x 5 year options

- Pizza Hut leased until 2029 plus 2 x 5 year options

- Estimated net income: $353,383 p.a.*

- Prime 3,392m²* site at the entrance to Stockland’s Hervey Bay Shopping Centre

- Improved with two freestanding tenancies including KFC drive-thru

- Strong fixed annual increases of 4% (KFC) and 3.5% (Pizza Hut)

- 100% income secured by blue chip and essential food related tenants

- Surrounded by major bands including McDonalds, Hungry Jacks, Spotlight and Dan Murphy’s

- Hervey Bay is a key growth corridor with avg 1.41% growth annually since 2011 plus approx. 1.4 million* overnight visitors annually

For Sale via Public Auction In-Rooms on Thursday 29 August 2024 at 12pm.

For further information please contact exclusive marketing agents Mark Wollin, Nick Dowling, or Harry Bui.

*Approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

Investment Summary

Property Type
Retail
Sub-type
Cafe/Restaurant, Mixed Use
Est. Income
$353,383 p/a
Tenant
KFC, Pizza Hut
Terms
KFC leased until 2031 plus 2 x 5 year options Pizza Hut leased until 2029 plus 2 x 5 year options
Land Area
3,392 m² (*approx)
Selling Method
Auction
Auction Date
29 Aug 2024 12:00PM
Selling Details
Thursday 29 August 2024 at 12pm.

Investment Highlights

KFC and Pizza Hut Investment in Major QLD Coastal Growth Region
  • Estimated Net Income $353,383* p.a.
  • Leased to KFC (2031) & Pizza Hut (2029)
  • Prime Main Road Position

161 Boat Harbour Drive, Urraween (Hervey Bay) is truly a prime investment offering tenanted by two long term national fast foods brands. Located in one of the highest profile positions in Hervey Bay, the offering provides a secure income stream with strong annual growth in an unbeatable location.

- KFC leased until 2031 plus 2 x 5 year options

- Pizza Hut leased until 2029 plus 2 x 5 year options

- Estimated net income: $353,383 p.a.*

- Prime 3,392m²* site at the entrance to Stockland’s Hervey Bay Shopping Centre

- Improved with two freestanding tenancies including KFC drive-thru

- Strong fixed annual increases of 4% (KFC) and 3.5% (Pizza Hut)

- 100% income secured by blue chip and essential food related tenants

- Surrounded by major bands including McDonalds, Hungry Jacks, Spotlight and Dan Murphy’s

- Hervey Bay is a key growth corridor with avg 1.41% growth annually since 2011 plus approx. 1.4 million* overnight visitors annually

For Sale via Public Auction In-Rooms on Thursday 29 August 2024 at 12pm.

For further information please contact exclusive marketing agents Mark Wollin, Nick Dowling, or Harry Bui.

*Approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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161 Boat Harbour Drive, Hervey Bay, QLD, 4655

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Property Location of 161 Boat Harbour Drive, Hervey Bay, QLD, 4655

Property Map
161 Boat Harbour Drive, Hervey Bay, QLD, 4655 Hervey Bay
Colliers - Sydney CBD
Colliers - Sydney CBD
Level 30, Grosvenor Place, 225 George Street Sydney NSW 2000
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