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Sold on 19 Mar 2020

498 New Canterbury Road Dulwich Hill NSW 2203

  • Shop & Retail
  • 963 m²
  • Sold

Trophy Metro Sydney KFC Ground Lease Investment

  • Renewed 10 year ground lease to 2029
  • Inner western Sydney location
  • Net income $135,000 pa + GST

Cushman & Wakefield are pleased to present to the market Dulwich Hill KFC situated at 498-500 New Canterbury Road to be sold via Public Auction.

The property has the following key characteristics:
Renewed 10 year ground lease to 2029 + options to 2039
KFC - Iconic fast food brand serving 2 million customers weekly across 640 outlets nationally
KFC in occupation 40+ years
Prominent location with high profile corner site on New Canterbury Road
Modern purpose built new format store with drive through facility
Prime location Dulwich Hill Inner Western Sydney suburb located 7 km from Sydney CBD
Highly sought after ground lease - tenant owns and maintains improvements
Tenant pays 100% of outgoings (including Land Tax & Repairs and Maintenance)
Lease secured by 4 Month Bank Guarantee
Easily managed single tenant passive investment
Net Income $135,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 19 March at 2pm AEDT at Cooley Auctions, located on Level 1, 29-33 Bay Street, Double Bay NSW 2028.

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.

Property Highlights

Property ID2016080343
Date Sold19 Mar 2020
Floor AreaAsk Agent
Land Area963 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  10 Jun 2020
Map for 498 New Canterbury Road Dulwich Hill NSW 2203
Map for 498 New Canterbury Road Dulwich Hill NSW 2203498 New Canterbury Road Dulwich Hill NSW 2203
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000

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