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7 Galena Street, BROKEN HILL, NSW, 2880

+9 Photos

+11 Photos

SOLD

7 Galena Street, BROKEN HILL, NSW, 2880

Properties / Sold / New South Wales / Broken Hill

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

2,807 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Retail, Other

Sub-type

Cafe/Restaurant

Terms

Long term 20 year lease to 2028 plus option to 2038

Est. Income

$225,427 p/a

Fully Leased

McDonald’s

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2. Property Highlights

Dominant Freestanding McDonald’s Investment | Super Trader with Long History of Significant Turnover

McDonald’s: global fast food giant
Strong CPI + turnover rent growth
Ultra-rare ground lease

Burgess Rawson is pleased to offer to market the McDonald's located at 7 Galena Street, Broken Hill NSW for sale via our Investment Auction Portfolio 158.

The property has the following investment highlights:

+ Long term 20 year net lease to 2028 plus option to 2038

+ CPI annual rent reviews plus turnover rent currently growing at 6.6% pa^

+ Highly sought after rare ground lease structure - tenant responsible for all capital and structural repairs and maintenance^^

+ Tenant pays 100% of outgoings including structural work

+ High profile 2,807sqm* ‘pad site’ directly adjoining Woolworths anchored Westside Plaza

+ McDonald’s: global fast food chain with 38,000+ restaurants in over 100 countries

+ Long history of significant annual growth in turnover and turnover rent

+ The only McDonald's restaurant in the city of Broken Hill, featuring a modern dual lane drive-thru & ample onsite parking

+ Net Income: $224,065 pa* + GST (as at 7 March 2023)

For Sale by Investment Portfolio Auction

10:30am (AEDT) Tuesday 21 February 2023

Sydney Opera House

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

*approx.

^approximate compound average growth rate (CAGR) over the past 5 years

^^excluding property management fees

Remember to mention you found this property on CommercialReady