Trophy Retail Investment with New & Secure Leases to Fast Food Retailers
+ Brand new 10 year lease with options to 2042 to Red Rooster, one of Australia’s leading fast food brands
+ Supported by new 5 year leases to Pizza Hut and Kalidad Kebabs
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, maintenance, repairs and management
+ High profile 2,002sqm* site fronting Woolcock Street with 70,000 vehicles passing daily
+ Built in 2006 with ideal history of tenure with 100% occupancy and no tenant turnover
+ All three tenants successful, multi-site operators
+ Strong rental growth of CPI & 3% fixed
+ Positioned less than one kilometer from the Castletown Shopping Centre, anchored by Woolworths, Big W and The Reject Shop – currently undergoing a $36 million redevelopment
+ Strategically located within close proximity to various high-profile tenants including McDonald’s, Taco Bell, IGA and Dan Murphy’s
+ Surrounded by important social infrastructure including 17 schools located within 3km* servicing a combined 9441 full-time students
+ Townsville: Economic capital of North Queensland undergoing explosive growth – over $27B in infrastructure projects currently underway
+ Townsville by 2041 is forecasted to have a population of approximately 282,281 people
+ Estimated net income: $231,280* per annum + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 12 May 2022
Hilton Hotel - Level 5
Remember to mention you found this property on CommercialReady.com.au
