16-20 Allandale Road Cessnock NSW 2325
- 420 m²
- Commercial Auction
Brand New 12 & 10 Year Head Office Leases - Fixed 3% Annual Increases
- New 12 & 10 year head office leases
- Fixed 3% annual rent increases
- Net Income $299,101 pa + GST
Cushman & Wakefield are pleased to present to the market 16-20 Allandale Road, Cessnock for sale via Public Auction.
The property has the following key characteristics:
• Oporto – 12 year lease to 2031 + options to 2051 - One of Australia’s most recognised fast food restaurants with a network of over 140 stores nationally
• Zambrero – 10 year lease to 2029 + options to 2043 - One of Australia’s fastest growing fast food chains with over 175 restaurants in Australia
• Main road high profile location comprising a 420 sqm convenience retail and drive thru facility
• Brand new extensive refurbishments undertaken in 2019
• Significant car parking with 35 bays
• Located directly opposite high performing McDonald’s Restaurant and in close proximity to Pizza Hut, KFC, 7-Eleven, Domino’s and Caltex Woolworths
• Cessnock - Hunter Valley region with a population of circa 60,000 with strong year on year growth and famous for its wineries, strong mining and agricultural industries
• Head office leases offering secure income profile
• Fixed 3% annual increases ensuring continued rental growth
• Net Income $299,101 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 17 October at 2pm at the Cushman & Wakefield Sydney Office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.
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 from one of these locations, please liaise with the exclusive agents.
|Auction date and time||17/10/2019 14:00|
|Auction location||Cushman & Wakefield - Level 22, 1 O'Connell Street, Sydney NSW 2000|
|Floor Area||420 m²|
|Land Area||2,423 m²|
|Parking||35 x Onsite parkings|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||24 Sep 2019|