Blue Ribbon Fast Food Investment – Renewed 10 Year Head Office Lease

Description

– Leased to Hungry Jack’s Pty Ltd until March 2030
– Plus 2 x 5 year options to 2040
– Fixed annual 4% rent increases
– Prominent 3,188 sqm corner site adjoining Cairns DFO Centre with 74 tenancies and 1,200+ car spaces
– Successful store with brand new, dual 2 lane drive-thru facility
– 39 on-site car spaces plus waiting bays
– Passing traffic count of approximately 35,000 per day
– 7% turnover rent payable over threshold
– Tenant pays all outgoings as per the lease
– Net Income: $248,432 pa + GST

Auction: 10.30am AEST, Wednesday 24 June 2020

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Raoul Holderhead Partner
0413 860 304
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Westcourt, QLD

274 Mulgrave Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 137

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