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30-36 Hollingworth Street, Port Macquarie, NSW 2444

30-36 Hollingworth Street, Port Macquarie, NSW 2444

Retail Showrooms/Bulky Goods Industrial/Warehouse

  • Sold Contact Agent
  • Tue 04-Aug-20

Trophy Fast Food Investment

  • Renewed 5 year lease to 2024
  • 7.7% & 9.5% initial annual rent increase
  • Net Income $201,469* pa + GST

  • Land Area
  • 2381.00 m² (approx)
  • Floor Area
  • 200 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Aug 06, 2020
  • Car Spaces
  • 36
  • Parking Comments
  • 36 car spaces (2 disabled spaces)

Interested in this property? Contact an Agent today

Cushman & Wakefield - Sydney

Level 22, 1 O'Connell Street

Sydney NSW 2000

Anthony Bray, Cushman & Wakefield - Sydney
Anthony Bray

Trophy Fast Food Investment

Cushman & Wakefield is pleased to present an outstanding quintessential fast food investment trading as Red Rooster Port Macquarie to be sold via Public Auction.

Forming part of the Mid North Coast, the seventh largest regional centre in NSW, Port Macquarie is protected by a population of approximately 74,949 residents.

Hosting a trading history of over 15 years, the prominent corner site covering 2,381 sqm is irreplaceable.

This blue-chip passive investment is an offering which is rarely repeated in any market.

Investment highlights include;
• Renewed 5 year lease to 2024 + options to 2029
• Red Rooster - Iconic fast food brand serving customers weekly across 360 outlets nationally
• Prime corner location opposite Hungry Jacks, Coles Express and Port Macquarie Holden
• Tenant pays 100% of outgoings (excluding building insurance)
• Easily managed single tenant passive investment
• Year 1 rental increase 7.7% & Year 2 rental increase 9.5%
• Net Income $201,469* pa + GST (as of September 2020)

The property is for sale by way of Cushman & Wakefield Investment Auction.
The Auction will be conducted on Tuesday

30-36 Hollingworth Street, Port Macquarie, NSW 2444

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