Burgess Rawson are delighted to present to market the brand new Hungry Jacks located in Westbourne Park SA for sale via Investment Portfolio Auction 168.
This prime investment has the following key highlights:
+ Brand new Twelve (12) year lease to February 2036 plus options to 2056.
+ Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022. (1)
+ New 2024 construction providing significant depreciation benefits.
+ High-profile 1,411sqm* corner freehold with substantial 75m* combined frontage and exposure.
+ Dual level state-of-the-art restaurant fitted out to Hungry Jack's latest corporate layout with important dual lane drive thru and 15 car spaces on title.
+ Strategic inner-metro outbound location, with 31,600* vehicles passing daily via Goodwood Road. (2)
+ Investor preferred net lease terms with Hungry Jack's paying all usual outgoings excluding land tax.
+ Fixed 3% rent increases annually.
+ Situated within close proximity to Cumberland Park Woolworths and Big W, Castle Plaza Shopping Mall (Coles, Cellarbrations + 50 retailers), Mitcham Square Shopping Centre (Woolworths + 58 retailers) and only 4.5km* from the Adelaide CBD.
+ Westbourne Park: Affluent inner-metro Adelaide suburb, with a median house price of $1,473,750. (3)
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
+ Net Income: $226,205 pa* + GST.
To be sold via Investment Portfolio Auction 168
Wednesday 15 May 2024
Sydney Opera House, Sydney
Please contact the Burgess Rawson team for further information.
Approx*
1. Competitive Foods Australia
2. GapMaps
3. ***
4. CommSec State of States Report
