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25-27 Banna Avenue
Griffith NSW 2680
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Sold on 29 Jun 2016

25-27 Banna Avenue Griffith NSW 2680

  • Shop & Retail
  • 2,510 m²
  • Sold, $1,600,000

Renewed 15 Year Lease Red Rooster. High Profile Main Road Location.

New 15 year lease to 2031 + options to 2041.
Red Rooster, established brand over 43 years strong boasting 360 stores nationwide.
Griffith, established and growing inland city generating $1.35 billion GRP with a population catchment of 52,000.
High exposure main road position at eastern gateway into Griffith.
Modern fast food restaurant with drive through.
Large land area: 2,510 sqm.
Valuable depreciation allowances.
Surrounded by supporting national retailers.
Annual 2.5% rent increases (net income $127,167 in 2031).
Tenant pays all outgoings (as per lease).
Net Income: $90,000 pa + GST.

AUCTION

Auction date and time28/06/2016 11:00
Auction locationDoltone House Hyde Park

Property Highlights

Date Sold29 Jun 2016
Sold Price$1,600,000
Floor AreaAsk Agent
Land Area2,510 m²
ParkingAsk Agent
Property ID2012843587
Category
Last updated  29 Jun 2016
Map for 25-27 Banna Avenue Griffith NSW 2680

Nearest transport* to 25-27 Banna Avenue Griffith NSW 2680

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Property Highlights

Date Sold29 Jun 2016
Sold Price$1,600,000
Floor AreaAsk Agent
Land Area2,510 m²
ParkingAsk Agent
Property ID2012843587
Category
Last updated  29 Jun 2016
Level 11.02, 9 Castlereagh Street Sydney NSW 2000

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