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29 Garden Road, RICHLANDS, QLD, 4077

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29 Garden Road, RICHLANDS, QLD, 4077

Richlands

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29 Garden Road, RICHLANDS, QLD, 4077

Richlands

SOLD
29 Garden Road, RICHLANDS, QLD, 4077

29 Garden Road, RICHLANDS, QLD, 4077

Properties / Sold / Queensland / Richlands
Tenanted Investment
Selling Method
Auction
Selling Details
Price on Request
Land Area
1,350 m² (*approx)
Floor Area
209 m² (*approx)
Property Type
Industrial, Retail, Other
Sub-type
Office/Warehouse, Cafe/Restaurant
Terms
Recent ten (10) year lease to 2031 plus four (4) further five (5) year options to 2051
Est. Income
$193,266 p/a
Fully Leased
Guzman y Gomez
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Metro Brisbane Fast Food Investment | Secure 10 Year Lease to Guzman y Gomez
  • High profile 1,350sqm* freehold site
  • Fixed 3% annual rent increases
  • Outstanding depreciation benefits

Burgess Rawson is pleased to offer to market the Guzman y Gomez located at 29 Garden Road, Richlands QLD for sale via our Investment Auction Portfolio 158.

The property has the following investment highlights:

+ Rare and highly sought after fast food investment leased blue chip tenant Guzman y Gomez

+ Recent ten (10) year lease to Guzman y Gomez to 2031 plus four (4) further five (5) year options to 2051

+ Annual fixed compounding 3% rent increases, ensuring income growth

+ Guzman y Gomez: one of Australia’s fastest growing fast food franchises with 149 restaurants nationally and a 28% annual increase in sales growth

+ Highly desirable freehold fast food investment, constructed in May 2021, offering outstanding tax depreciation benefits

+ Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four week period

+ Dual lane drive-thru, modern configuration with ample on-site car parking

+ Surrounded by national tenants including KFC, Hoppy’s Car Wash, 7-Eleven, Total Tools, Ampol and Repco

+ Richlands: average weekly household income of $1,709*, ensuring strong retail spending

+ Brisbane: the third largest city in Australia, with a population, forecasted to grow by 230% to 4.2 million residents by 2050

+ Net Rent: $193,266 pa* + GST (as at 14 May 2023)

For Sale by Investment Portfolio Auction

10:30am AEST Thursday 23 February 2023

The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

29 Garden Road Investment Summary

Property Type
Industrial, Retail, Other
Sub-type
Office/Warehouse, Cafe/Restaurant
Est. Income
$193,266 p/a
Tenant
Guzman y Gomez
Terms
Recent ten (10) year lease to 2031 plus four (4) further five (5) year options to 2051
Land Area
1,350 m² (*approx)
Floor Area
209 m² (*approx)
Selling Method
Auction
Auction Date
23 Feb 2023 10:30AM
Selling Details
Price on Request

Investment Highlights

Metro Brisbane Fast Food Investment | Secure 10 Year Lease to Guzman y Gomez
  • High profile 1,350sqm* freehold site
  • Fixed 3% annual rent increases
  • Outstanding depreciation benefits

Burgess Rawson is pleased to offer to market the Guzman y Gomez located at 29 Garden Road, Richlands QLD for sale via our Investment Auction Portfolio 158.

The property has the following investment highlights:

+ Rare and highly sought after fast food investment leased blue chip tenant Guzman y Gomez

+ Recent ten (10) year lease to Guzman y Gomez to 2031 plus four (4) further five (5) year options to 2051

+ Annual fixed compounding 3% rent increases, ensuring income growth

+ Guzman y Gomez: one of Australia’s fastest growing fast food franchises with 149 restaurants nationally and a 28% annual increase in sales growth

+ Highly desirable freehold fast food investment, constructed in May 2021, offering outstanding tax depreciation benefits

+ Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four week period

+ Dual lane drive-thru, modern configuration with ample on-site car parking

+ Surrounded by national tenants including KFC, Hoppy’s Car Wash, 7-Eleven, Total Tools, Ampol and Repco

+ Richlands: average weekly household income of $1,709*, ensuring strong retail spending

+ Brisbane: the third largest city in Australia, with a population, forecasted to grow by 230% to 4.2 million residents by 2050

+ Net Rent: $193,266 pa* + GST (as at 14 May 2023)

For Sale by Investment Portfolio Auction

10:30am AEST Thursday 23 February 2023

The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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29 Garden Road, RICHLANDS, QLD, 4077

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