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Domino's Pizza, 201 First Street, GERALDTON, WA, 6530

+10 Photos

+12 Photos

SOLD

Domino's Pizza, 201 First Street, GERALDTON, WA, 6530

Properties / Sold / Western Australia / Geraldton

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,012 m² (*approx)

Floor Area

120 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Show All

2. Property Highlights

Entry Level Fast Food Investment

Only Domino's in Geraldton
Renewed 6 Year Lease to 2023
Attractive 3.5% Annual Rent Increases

+ Renewed 6 year lease to 2023 plus option to 2028.

+ Fixed annual 3.5% increases.

+ The current tenant is a successful Dominoes franchisee building a network of seven stores since 2012.

+ Tenant pays all usual outgoings including Land Tax.

+ Modern building with on-site car parking.

+ Gateway location opposite busy Bunnings Warehouse and only 250 metres from the $28.3 million Geraldton Homemaker Centre.

+ Prime 1,012 sqm* corner site with huge exposure to 17,000+ vehicles passing daily.**

+ Geraldton: Major Economic, Mining, Tourism, Aquaculture & Agriculture Hub including Australia’s largest grain export terminal. By 2036, the City of Geraldton’s population is forecast to grow 47% to 56,103.***

+ Net Rent: $60,937 pa* + GST

To be sold by Burgess Rawson Investment Portfolio Auction

Tuesday 10th August 2021

Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.

*approx.

**GapMaps

***Forecast.id

Remember to mention you found this property on CommercialReady.com.au

Property Type

Retail, Child/Healthcare, Other

Land Area

1,012 m² (*approx)

Floor Area

120 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

Entry Level Fast Food Investment

Only Domino's in Geraldton
Renewed 6 Year Lease to 2023
Attractive 3.5% Annual Rent Increases

+ Renewed 6 year lease to 2023 plus option to 2028.

+ Fixed annual 3.5% increases.

+ The current tenant is a successful Dominoes franchisee building a network of seven stores since 2012.

+ Tenant pays all usual outgoings including Land Tax.

+ Modern building with on-site car parking.

+ Gateway location opposite busy Bunnings Warehouse and only 250 metres from the $28.3 million Geraldton Homemaker Centre.

+ Prime 1,012 sqm* corner site with huge exposure to 17,000+ vehicles passing daily.**

+ Net Rent: $60,937 pa* + GST

To be sold by Burgess Rawson Investment Portfolio Auction

Tuesday 10th August 2021

Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.

*approx.

**GapMaps

***Forecast.id

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment