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51 Springfield Parkway
Springfield QLD 4300
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Sold on 3 Dec 2019

51 Springfield Parkway Springfield QLD 4300

  • Shop & Retail
  • 213 m²
  • Sold

Under Contract - Brand New Quintessential Fast Food Investment

  • New 10 year lease + options to 2049
  • Fixed 3.5% annual rent increases
  • Net Income $154,742 pa + GST

Cushman & Wakefield is pleased to present a rare opportunity to acquire a brand new fast food investment.

The property has the following key characteristics:

• Brand new 10 year lease to December 2029 + options to 2049
• KFC - Iconic fast food brand serving 2 million Australian customers each week across 640 outlets
• High profile Springfield Parkway location neighbouring McDonald’s, 7 Eleven, Subway, Hungry Jack’s and Coles
• Prime location - Greater Springfield, one of Australia’s largest master planned cities, 28 kms west of Brisbane’s CBD, projected population of 118,000 by 2036
• Substantial 3,243 sqm landholding within Springfield’s core retail and fast food precinct
• Newly built drive thru restaurant offering significant depreciation benefits
• Future development upside with approval in place for 415 sqm* retail/medical complex
• Substantial car parking with 42 onsite spaces
• Tenant pays usual outgoings including insurance
• Fixed 3.5% annual rent increases
• Net Income $154,742 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Tuesday 3 December at 2pm AEDT 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.

*Images indicative only.

AUCTION

Auction date and time03/12/2019 14:00
Auction locationCushman & Wakefield Sydney Office - Level 22, 1 O'Connell Street, Sydney
Cushman & Wakefield Brisbane
Cushman & Wakefield Brisbane
Level 27, 123 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold3 Dec 2019
Floor Area213 m²
Land Area3,243 m²
Parking42 x Onsite parkings
Property ID2015838168
Category
Last updated  30 Jan 2020
Map for 51 Springfield Parkway Springfield QLD 4300

Nearest transport* to 51 Springfield Parkway Springfield QLD 4300

Bus
Train
Topaz Rd near Sharpless Rd432 m
Topaz Rd at Springfield Fair437 m
Topaz Rd at Springfield Fair447 m
Topaz Rd near Sharpless Rd474 m
This data is © 2023 The State of Queensland, licenced under CC BY 4.0.
*Within a 4km radius
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Cushman & Wakefield Brisbane
Cushman & Wakefield Brisbane
Level 27, 123 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold3 Dec 2019
Floor Area213 m²
Land Area3,243 m²
Parking42 x Onsite parkings
Property ID2015838168
Category
Last updated  30 Jan 2020

Listed by

Cushman & Wakefield Brisbane
Call
1800 867076

More about 51 Springfield Parkway Springfield QLD 4300

51 Springfield Parkway Springfield QLD 4300 is categorized as Shop & Retail Property. It has a floor area of 213 m² and a land area of 3,243 m². There are 42 x onsite parkings.The listing ID for this property is 2015838168.

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