Burgess Rawson is pleased to offer to the market the Hungry Jack's & Viva Energy/Shell investment located at 2 Coles Drive, Ormeau for sale via our Investment Portfolio 167.
The property has the following investment highlights:
+ World class complementary tenancy mix secured by Viva Energy Australia and Hungry Jack's.
+ Exceptional 7.8-year* WALE with evenly distributed income streams.
+ Viva Energy Limited (ASX: VEA): Blue-chip $5.4 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market. **
+ Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022.***
+ Landmark 4,990 sqm* corner freehold with triple street frontage, adjacent to the high trading Coles anchored Ormeau Village Shopping Centre and Zupp Property's $100 million "Interciti" commercial precinct.
+ Top tier ASX listed and national essential services tenant covenants.
+ State-of-the-art fuel and convenience retail centre plus two (2) level Hungry Jack's restaurant plus drive thru.
+ Attractive annual fixed rent increases of 3.5%, along with favourable turnover rent from Hungry Jack's.
+ New 2019 construction, offering significant depreciation benefits.
+ Ormeau: Booming median house price increasing by 27.1% over the past 24 months****
+ City of Gold Coast: Population of over 647,000 and the city is expected to approach 1 million by 2041.*****
+ City of Gold Coast Developments: $22.79 billion of completed or future developments within the Gold Coast Region.******
+ Net Income: $396,858 pa* + GST (plus Hungry Jack's turnover rent)
For Sale by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: https://auctionslive.com/app/bidder-registration/XqLVP
ASIAN INVESTMENT SERVICES
ZOMART HE
0488 220 830
zhe@burgessrawson.com.au
*Approx
**Viva Energy Australia
***Competitive Foods Australia
*******
*****City of Gold Coast Economic Outlook 2023
******City of Gold Coast
