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Modern Convenience Centre Fast Food Drive-Thru Investment

161 Hugh Street, CURRAJONG QLD, 4812

For Sale

Property for Sale in 161 Hugh Street, CURRAJONG QLD, 4812

Burgess Rawson (QLD) Pty Ltd

Level 24, 324 Queen Street, Brisbane, QLD 4000

Listing ID:
11292749
Status:
Active
For:
Sale
Price:
Price on Request
Last Updated:
03/10/2018
Icon building

Property Type

Retail
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Land Area

3290 SQM
Icon size

Floor Area

795 SQM
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Parking

47

Modern Convenience Centre Fast Food Drive-Thru Investment

Situated in the heart of Townsville’s busy retail and food precinct
Tenants include: Nightowl Convenience (Qld. icon with 70 stores); Zarraffa’s Drive-thru Coffee (70 stores nationally); Noodle Box (Australia’s No.1 Asian takeaway with almost 100 stores); Sunvale Meats (award winning butcher established in 1988)
Predominantly 15 year & 10 year leases with 3% and CPI increases
Current WALE (income) is approx. 5.04
Woolcock Street and Hugh Street, attract an average of 40,000 vehicles passing the property daily
Strategic 3,290 sqm corner site located in a prominent position with 45 metres of frontage to arterial road
Building area 795 sqm
The single level centre enjoys substantial car-parking for 47 vehicles
Townsville: “Administrative Capital” of North Queensland with strong education, tourism, industrial and military based economy
Estimated resident population to increase from 236,629 in 2015 to 361,098 in 2036
Net Income: $446,879 pa + GST (fully leased)

For Sale via Expressions of Interest closing
4pm AEDT Wednesday 31 October 2018

For more details, please email agent

Burgess Rawson (QLD) Pty Ltd

Level 24, 324 Queen Street, Brisbane, QLD 4000


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