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Auction | Retail new

Prime Fast Food Investment - Secure 10 Year Net Lease

5 Pine Street
North Ipswich, QLD 4305
Australia
Inquire About This Property
Building Size:
1 SQM
Lot Size (SQM):
1610

Cushman & Wakefield is pleased to present to the market 5 Pine Street, North Ipswich (Brisbane) for Sale via Auction. The property has the following key characteristics: - Secure 10 year net lease to 2030 + options to 2050 - Guzman Y Gomez - Successful, rapidly growing fast food chain, 151 stores globally & market cap of $870 Million - Brand new drive thru store, complete with latest Guzman Y Gomez corporate fit out offering longevity & significant depreciation benefits - High profile standalone corner site with 1,610 sqm land zoned CBD Res High Density (Mixed Use) - Adjacent to $250 Million Riverlink Shopping Centre with 6.15 ha retail space including Coles, Woolworths, ALDI, Target, Kmart & Limelight Cinemas - Ipswich - Booming location 30 km from Brisbane, fastest growing municipality in QLD with 151% population growth forecast to 2041, totalling 555,000+ residents - Net lease - Tenant pays all outgoings incl. Land Tax - Fixed 3.5% annual rent increases - Net Income $181,125 pa + GST The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW. 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, please contact the exclusively appointed property professionals at Cushman & Wakefield. - Brisbane - West
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