498 New Canterbury Road Dulwich Hill NSW 2203
- 963 m²
- Commercial Auction
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 the Cushman & Wakefield Sydney Office, located on Level 22, 1 OConnell 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||19/03/2020 14:00|
|Auction location||Cushman & Wakefield Sydney Office – Level 22, 1 O’Connell Street, Sydney NSW|
|Floor Area||Ask Agent|
|Land Area||963 m²|
|Parking||On site parking available|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||17 Feb 2020|