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Sold on 22 Mar 2018

129-145 New England Highway (Bridge Street) Muswellbrook NSW 2333

  • Retail
  • 1 m²
  • Sold

FAST FOOD INVESTMENT LEASED TO NATIONAL TENANT – 5.5% Annual rent increases !

  • Net income: $128,648* p.a + GST
  • Prominent 3,190sqm corner land holding
  • 5.5% annual rent increases!

Ideally positioned with outstanding exposure and highway access, 129-145 New England Highway (Bridge Street) provides an exceptional investment opportunity. Leased to one of Australia's largest fast food providers with over 390 stores nationally, this is an offering not to be missed!

The property features:

• Drive-thru fast food investment 10 year lease to Hungry Jacks Pty Ltd to 2021 plus options to 2031
• Prominent corner position on the New England Highway
• Significant 3,190sqm* land holding
• Muswellbrook: High population growth area rich in mining, tourism and agriculture.
• Strategic New England Highway location, the main thoroughfare through Muswellbrook and home to major tenants including Woolworths, IGA, NAB, McDonald's, KFC and Super Cheap Auto
• Tenant pays all outgoings (excluding land tax)
• 5.5% Annual rent reviews !
• Net income: $128,648* p.a + GST

For more information please contact exclusive agents from Cushman & Wakefield, Yosh Mendis and Tom Barnier.

Public Auction
Thursday 22 March 2018, Cooley Auctions, Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000

AUCTION

Auction date and time22/03/2018 10:30
Auction locationCooley Auctions, Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000

Property Highlights

Property ID2014198999
Date Sold22 Mar 2018
Floor Area1 m²
Land Area3,194 m²
Parking38 x Onsite parkings
Building TypeWhole building
Category
Last updated  6 Mar 2018
Map for 129-145 New England Highway (Bridge Street) Muswellbrook NSW 2333
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000

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