Burgess Rawson in conjunction with Key 2 Sale are pleased to offer to the market this established Red Rooster opportunity at 76 Jubilee Highway East, Mount Gambier SA, for sale via Investment Portfolio Auction 168.
+ Renewed 10 Year 'Head Office' lease to Red Rooster to 2030
+ Three (3) further Five (5) year options through to 2045
+ Red Rooster: part of the Craveable Brands international network with 580 restaurants across Australia.
+ Favourable CPI rent reviews - next due November 2024
+ Substantial 2,388*sqm highway site and exposure to 14,350+ vehicles passing daily*
+ Modern 252*sqm building to the latest corporate design and important drive thru facility.
+ Consistent high-ranking store nationally across 'all aspects'
+ Includes 7 car spaces on-title, plus a further 12 spaces on license agreement as per the lease.
+ Strategic highway site, surrounded by key national retailers including; Woolworths, Dan Murphy's, BP, Coles & Harvey Norman within 1.5*km radius
+ Mount Gambier: South Australia's second largest urban city with a growing population of circa 30,000
+ No stamp duty payable
+ Current Net Income: $87,178.38pa* + GST
+ Forecast Net Income: $90,876pa* + GST (as at November 2024 assuming 3.5% increase, noting current CPI 4.8%)
For Sale by Investment Portfolio Auction 168
10:30am AEST Wednesday 15 May 2024
Sydney Opera House
