Banjo's & Subway, 18 Ashburn Road, Bundamba, Qld 4304

Burgess Rawson is pleased to offer to the market 18 Ashburn Road, Bundamba for sale via our Investment Auction Portfolio 171.

This opportunity has the following key investment highlights:

+ Fifteen (15) year head office net lease to Banjo’s Bakery Café to December 2038 plus four (4) further five (5) year options to 2058
+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 47 sites nationally and servicing 6.3 million customers annually 
+ Ten (10) year head office net lease to Subway to 2034 plus three (3) further five (5) year options to 2049 
+ Subway: international fast food leader with approximately 37,000 stores worldwide in more than 100 countries
+ State-of-the-art facility offering maximum depreciation benefits - brand new construction in 2024
+ Expansive 2,606sqm* freehold site located directly off the Warrego Highway servicing 60,000 vehicles daily*
+ Purpose built freestanding dual lane drive-thru Banjo’s Bakery Café plus freestanding Subway restaurant comprising a combined 403sqm* NLA 
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ Tenants responsible for 100% of outgoings excluding land tax*
+ Strategically positioned in the Walker Corporation's Citiswich Business Park - a 350 hectare* master-planned industrial estate and opposite Costco's 13,750sqm* warehouse, supporting the strong trade of the business
+ Surrounded by major complimentary tenants including Costco, Car Wash, Chemist, Caltex, KFC & Reject Shop Distribution Centre 
+ Ipswich: 8th fastest growing metropolitan location in Australia with forecast population growth of 167% to 670,000+ by 2046
+ Net Income: $303,700 pa* + GST (as at December 2024)

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 19 September 2024
The Hilton, Brisbane

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

*Approx.