Burgess Rawson is pleased to offer to the market 450-456 Bayswater Road, Mount Louisa (Townsville) for sale via our Investment Auction Portfolio 170. This opportunity has the following key investment highlights: + 6.32* year WALE to unrivalled mix of convenience retail and fast food giants - United Petroleum, Red Rooster & Domino’s + Fifteen (15) year head office net lease to United Petroleum to 2031 plus four (4) further five (5) year options to 2051 + United Petroleum: top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with approximately 500 sites nationally + Fifteen (15) year head office net lease to Red Rooster to 2031 plus two (2) further five (5) year options to 2041 + Red Rooster: part of Craveable Brands, who operate over 580 restaurants and serve 1 million+ customers per week + Ten (10) year head office net lease to Domino’s to 2027 + Domino’s: multinational ASX-listed fast food giant, market cap of $3.86 billion* & 18,000+ locations worldwide + Landlord favourable lease structure with tenants responsible for 100% of outgoings, as per the leases + Favourable mix of CPI and fixed 3% annual rent increases + Domainant 4,048sqm* freehold corner site with 120+ metres of direct frontage to major arterial + Constructed in 2016, offering modern infrastructure and substantial depreciation benefits + Impressive 1,129sqm* improvements including single lane drive-thru and 2 freestanding restaurant/retail stores + Prime position amongst complementary mix of Australia’s largest retailers including Bunnings, Dan Murphy’s Hungry Jack’s, Harvey Norman, Supercheap Auto & Chemist Warehouse + City of Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046 with $27 billion in infrastructure projects underway Townsville: the commercial hub of Northern Australia, home to the largest military base with 15,000* personnel and the internationally recongnised James Cook University + Net Income: $572,105 pa* + GST For Sale by Investment Portfolio Auction 10:30am AEST Thursday 8 August 2024 The Hilton, Brisbane Please contact the exclusively appointed Burgess Rawson team for more information. *Approx.
Burgess Rawson Townsville - TOWNSVILLE CITY
Ground Floor, 61-73 Sturt Street, Townsville-City, Qld
Burgess Rawson - Brisbane
Level 13, 241 Adelaide Street, Brisbane-City, Qld
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