Watch Watch
Back
×
Sold Check
+6 Photos
Lot 3/4 Carrington Street, WEST END, QLD, 4810

2. Property Highlights

Brand New Entry Level Fast Food Investment | 10 Year Net Lease to Zambrero
  • 10 year lease + options to 2042
  • Fixed 3% annual rent increases
  • Outstanding depreciation benefits

Burgess Rawson is pleased to offer to market this brand new drive-thru Zambrero, located at Lot 3, 4 Carrington Street, West End (Townsville) QLD, via our Auction Investment Portfolio 159.

This new development consists of four brand new drive-thru freestanding retail opportunities offering the following key investment highlights:

Lot 3 - Zambrero

+ 10 year lease to 2032 plus four (4) further five (5) year options to 2042

+ Zambrero: global fast food operator founded in 2005 with over 230 throughout Australia, America, New Zealand & Ireland

+ Modern 135sqm* drive-thru restaurant, opened in January 2023 offering outstanding depreciation benefits

+ Located in a prime position within the complex

+ Fixed 3% annual rent increases

+ Tenant pays all usual outgoings as per the lease

+ Net Income: $114,500 pa* + GST

The balance of the complex is supported by major brands including:

Lot 1 - Banjo’s Bakery Café

+ 12 year net lease to 2034 plus four (4) further five (5) year options 2054

+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 40 sites nationally

+ Opened in December 2022 with modern dual lane drive-thru and 231sqm* restaurant

+ Offering outstanding depreciation benefits

+ Favourable CPI rent reviews (7.7% CPI December 2022)

+ Tenant pays all usual outgoings as per the lease

+ Net Income: $251,000 pa* + GST

Lot 2 - Hoppy’s Carwash

+ 10 year net lease to 2033 plus three (3) further five (5) year options to 2048

+ Hoppy’s Carwash: long established carwash and café operator with 10+ sites in Queensland

+ State of the art, automated carwash facility, drive-thru, designated dog wash and 8 x vacuum bays

+ The greater of fixed 2% or CPI rent reviews (7.7% CPI December 2022)

+ Tenant pays all usual outgoings as per the lease

+ Net Income: $120,000 pa* + GST

Lot 4 - Miss Sushi

+ 5.5 year lease to 2028 plus two (2) further five (5) year options to 2038

+ Miss Sushi: experienced operator with two restaurants in North Queensland

+ Newly constructed 75sqm* single lane drive-thru situated on a large 390sqm* site

+ Favourable CPI rent reviews (7.7% CPI December 2022)

+ Tenant pays all usual outgoings as per the lease

+ Net Income: $80,000 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Thursday 30 March 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

3. Property Location

Lot 3/4 Carrington Street, WEST END, QLD, 4810

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Lot 3/4 Carrington Street, WEST END, QLD, 4810 West End
calculator-icon Yield Calculator
calcultor-icon Yield Calculator