129-145 New England Highway (Bridge Street) Muswellbrook NSW 2333
- 1 m²
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.
Thursday 22 March 2018, Cooley Auctions, Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000
|Auction date and time||22/03/2018 10:30|
|Auction location||Cooley Auctions, Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000|
|Date Sold||22 Mar 2018|
|Floor Area||1 m²|
|Land Area||3,194 m²|
|Parking||38 x Onsite parkings|
|Building Type||Whole building|
|Last updated||6 Mar 2018|