Burgess Rawson in conjunction with CBRE Perth are pleased to offer to the market Hungry Jack's, 20 Tamala Lane, Yanchep (Perth) WA for sale via our Investment Portfolio Auction 166.
This investment has the following key highlights:
+ Brand new Ten (10) year lease to December 2033 plus options to 2053.
+ Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022. (1)
+ Investor preferred net lease terms with Hungry Jack's paying all outgoings including single holding land tax.
+ Fixed 2.75% annual rent increases assuring income growth
+ Brand new 273sqm* restaurant with dual lane drive thru and important 14 on-title car parks.
+ December 2023 construction completion providing significant 61% potential depreciation in year 1. (2)
+ High profile 2,289sqm* freehold site with important 43 metres* of exposure to busy Marmion Avenue.
+ Situated in thriving Yanchep retail precinct amongst brand new Coles SC, Woolworths SC, ALDI, McDonald's, KFC, 7-Eleven and Ampol.
+ Booming location, with retail trade catchment forecast to soar by 268% by 2041. (3)
+ Located 2km* from the Yanchep Lagoon, a major tourism hotspot forecast to attract 1.1 million visitors per year by 2041. (4)
+ Yanchep growth underpinned by $1.1B Yanchep Railway Extension due for completion June 2024, providing direct access to Perth CBD. (5)
+ Yanchep: situated in Perth's booming northen coastal corridor with median house price up 36.5% since October 2020. (6)
+ Net Income: $210,000pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 21 February 2024
Crown Casino, Melbourne
*Approx
1. Competitive Foods Australia
2. J Mathew Advisory
3. Forecast.id
4. DBCA WA
5. Metronet.wa.gov
6. ***
Note: under the new subdivision (processed by the City of Wanneroo, 10th October 2023), Hungry Jack's Yanchep's physical and legal property address is now 20 Tamala Lane, Yanchep WA 6035. As it has only recently been registered, please search 2 Peony Boulevard, Yanchep WA 6035 on Google Maps to locate the property.
