Freestanding CBD Drive-Thru Red Rooster | High Profile Highway Site | 33+ Years Occupation
Description
Burgess Rawson from CBRE is pleased to offer to the market Red Rooster at 102 George Street (Bruce Hwy), Rockhampton City QLD for sale via Investment Portfolio Auction 182.
The opportunity has the following investment highlights:
+ Long term lease to December 2033 with option to 2038
+ Red Rooster: Iconic Australian fast food brand with 325+ stores across Australia.
+ High performing Red Rooster with rare attractive turnover provisions offering future potential rental upside
+ Annual CPI reviews with attractive rent provisions, ensuring rental growth
+ Tenant pays all usual outgoings including council rates, water rates, insurance, general repairs and maintenance and management
+ High profile 1,912sqm* Highway site with over 70 metres* of dual street frontage to 110,000+ vehicles passing weekly
+ Strategic CBD location in prime fast food corner location close to an array of national brands including McDonald’s, KFC, Guzman y Gomez, Oporto, Zarraffa’s and more
+ Integral dual street ingress and egress as well as drive-thru capabilities
+ Rockhampton: the capital of central Queensland with the population forecast to grow over 16% by 2041
+ Net Income: $225,332 pa* + GST
To be sold via Investment Portfolio Auction
10:30am AEST Thursday 26 February 2025
Level 3, 1 Eagle Street, Brisbane QLD
Please contact the exclusively appointed sales team for more information.
Enquire
Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Josh Scapolan Senior Sales Executive
0484 229 829Enquiry Form
Rockhampton City, QLD
102 George Street
For Sale by Portfolio Auction
This property is part of Portfolio 182
Price: Contact Agent
Contact agents
-
Yosh Mendis Head of Agency | Partner
0434 413 188 -
Josh Scapolan Senior Sales Executive
0484 229 829