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.
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Property ID: 504668364