Burgess Rawson is pleased to offer to the market 18 Ashburn Road, Bundamba for sale via our Investment Auction Portfolio 171.

This opportunity has the following key investment highlights:

+ Fifteen (15) year head office net lease to Banjo’s Bakery Café to December 2038 plus four (4) further five (5) year options to 2058
+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 47 sites nationally and servicing 6.3 million customers annually
+ Ten (10) year head office net lease to Subway to 2034 plus three (3) further five (5) year options to 2049
+ Subway: international fast food leader with approximately 37,000 stores worldwide in more than 100 countries
+ State-of-the-art facility offering maximum depreciation benefits – brand new construction in 2024
+ Expansive 2,606sqm* freehold site located directly off the Warrego Highway servicing 60,000 vehicles daily*
+ Purpose built freestanding dual lane drive-thru Banjo’s Bakery Café plus freestanding Subway restaurant comprising a combined 403sqm* NLA
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ Tenants responsible for 100% of outgoings excluding land tax*
+ Strategically positioned in the Walker Corporation’s Citiswich Business Park – a 350 hectare* master-planned industrial estate and opposite Costco’s 13,750sqm* warehouse, supporting the strong trade of the business
+ Surrounded by major complimentary tenants including Costco, Car Wash, Chemist, Caltex, KFC & Reject Shop Distribution Centre
+ Ipswich: 8th fastest growing metropolitan location in Australia with forecast population growth of 167% to 670,000+ by 2046
+ Net Income: $303,700 pa* + GST (as at December 2024)

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 19 September 2024
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.