RWC Retail are proud to present Grill'd Bulimba, 124 Oxford St, Bulimba QLD for sale by Auction. On offer is a freestanding trophy retail investment leased to one of Australia's largest fast food operators for over 17 years, in one of Brisbane's most affluent suburbs |What| • A freestanding single tenanted fast food investment leased to Australian fast food giant Grill'd (170+ stores nationwide) • 10 Year head-office lease to Grill'd, with the tenant responsible for all usual outgoings (excl. Land Tax) • Anchored by Grill'd since 2007 (17 years) • High profile building with 195sqm* of under roof area with both front and rear customer access • Net Income of $227,968* + GST p.a. |Where| • Irreplaceable 339sqm* land parcel in the heart of the prized suburb of Bulimba, just 2.5km* from the Brisbane CBD • Highly desired positioning on Oxford Street, one of Brisbane's most tightly held retail precincts • Flanked by significant traffic generating amenity including a Woolworths Supermarket, Cinemas, Schools and one of the largest sporting clubs in Queensland • Bulimba is one of Brisbane's most affluent suburbs, with a median house price of $1.87 million^ and median per capita income 57%^^ greater than the Australian benchmark • Imminent population growth underpinned by the development of the Bulimba Barracks - delivering 850+ new dwellings for over 2,000 new residents |Why| • Set & forget investment with a net lease and longstanding national tenant who is responsible for day to day maintenance of the property • Inflation resilient CPI + 1% annual rent increases • Grill'd is a proven national operator, having successfully cornered the upmarket burger chain market that is ideally suited to Bulimba's demographics • Bulimba is one of Grill'd's best performing Queensland stores, leading to them doubling the size of the store in 2017 & leasing the entire property • First time offered to market in over 30 years The Auction will be conducted at Level 26,111 Eagle Street, Brisbane City, on Thursday 18 July 2024 at 9:45 am (AEST). *Approximate ^realestate.com.au ^^IQCensus
Demande par e-mail à RWC Retail
Propriété ID: 504622252