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15 Commercial Road Springfield QLD 4300

  • Shop & Retail
  • 300 m²
  • Commercial Auction

Newly Built Hungry Jacks Asset - A Classic Passive Investment

  • Near new 12 year net lease to 2031
  • Fixed 3.5% annual rent increases
  • Head Company Lease to Hungry Jack’s

Cushman & Wakefield is pleased to present to the market 15 Commercial Drive, Springfield (Brisbane) for Sale via Auction.

The property has the following key characteristics:

- 12 year lease to 2031 + options to 2051
- Hungry Jacks - Fast food retail giant serving 1.7 million Australians each week across 420+ outlets
- Prime location fronting Springfield Parkway opposite Coles, neighbouring United Petroleum & closeby to McDonalds, KFC & 7-Eleven
- Well configured site boasting dual street access & twin drive thru lanes plus 32 onsite car parks
- Newly built for Hungry Jacks in 2019 offering substantial depreciation benefits
- Significant 300 sqm* freestanding building adhering to Hungry Jacks latest store fitout
- Springfield - One of Australias largest & most awarded master planned citys, 28 km from Brisbane CBD
- Rapidly expanding Greater Springfield - Population set to double by 2036 to 118,000+ residents
- Tenant pays outgoings as per Lease
- Fixed 3.5% annual rent increases
- Net Income $203,550 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 10 December at 1pm AEDT at Doltone House Hyde Park, located on 3/181 Elizabeth Street, Sydney NSW.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

Auction date and time10/12/2020 13:00
Auction locationDoltone House Hyde Park - 3/181 Elizabeth Street, Sydney

Property Highlights

Property ID2016627956
Floor Area300 m²
Land Area2,262 m²
Parking32 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  12 Nov 2020
Map for 15 Commercial Road Springfield QLD 4300
Map for 15 Commercial Road Springfield QLD 430015 Commercial Road Springfield QLD 4300
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

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