Burgess Rawson is pleased to offer to market 40-42 Stuart Drive, Idalia (Townsville) QLD, for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Anchored by recent ten (10) year lease to Red Rooster to 2032 plus options to 2042
+ Supported by brand new eight (8) year lease to Pizza Hut and new five (5) year lease to Tobacconist
+ Landlord favourable rental growth with a mix of fixed annual and CPI increases
+ Crave-able Brands: powerhouse Australian fast food holding company and owner of the Red Rooster Brand, with over 580 restaurants across a national network
+ Pizza Hut: world's largest pizza chain with over 12,000 stores worldwide
+ 382sqm* NLA shopfront with a modern configuration incorporating drive-thru facility and ample on-site parking for 22 car spaces
+ Recently refurbished shopfront paid for partially by Red Rooster showing strong tenant commitment and increased depreciation for the incoming landlord
+ Situated 1.75km* from Lavarack Barracks, Australia's largest battalion base, with over 7,000 personnel stationed on-site
+ Strategically positioned 2,343sqm* freehold site in the renowned Otto Market Precinct surrounded by national retailers McDonald's, BP, Subway, Nando's, Cellarbrations and numerous specialty tenants
+ The Precinct: purpose-built food and beverage retail centre located 5km* from the Townsville CBD, designed to cater to the growing population of Fairfield Waters
+ Located on the main arterial of Stuart Drive, with exposure to 23,500* passing vehicles daily
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow by 54% by 2041
+ Net Income: $235,376 pa* + GST
For Sale by Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
