40-42 Stuart Drive,
Idalia, QLD 4811
Shops & Retail • Medical & Consulting • Offices
Price information
Sold
$3,638,888
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Brisbane
Level 12, 127 Creek StreetBRISBANE CITY, QLD 4000
40-42 Stuart Drive
Idalia, QLD 4811
Map of 40-42 Stuart Drive
Freehold Retail Investment Anchored by Fast Food Giants Red Rooster & Pizza Hut
- Secure 8.36* year WALE
- Located on major arterial
- Attractive rental reviews
Burgess Rawson is pleased to offer to market 40-42 Stuart Drive, Idalia (Townsville) QLD, for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Anchored by recent ten (10) year lease to Red Rooster to 2032 plus options to 2042
+ Supported by brand new eight (8) year lease to Pizza Hut and new five (5) year lease to Tobacconist
+ Landlord favourable rental growth with a mix of fixed annual and CPI increases
+ Crave-able Brands: powerhouse Australian fast food holding company and owner of the Red Rooster Brand, with over 580 restaurants across a national network
+ Pizza Hut: world’s largest pizza chain with over 12,000 stores worldwide
+ 382sqm* NLA shopfront with a modern configuration incorporating drive-thru facility and ample on-site parking for 22 car spaces
+ Recently refurbished shopfront paid for partially by Red Rooster showing strong tenant commitment and increased depreciation for the incoming landlord
+ Situated 1.75km* from Lavarack Barracks, Australia’s largest battalion base, with over 7,000 personnel stationed on-site
+ Strategically positioned 2,343sqm* freehold site in the renowned Otto Market Precinct surrounded by national retailers McDonald's, BP, Subway, Nando's, Cellarbrations and numerous specialty tenants
+ The Precinct: purpose-built food and beverage retail centre located 5km* from the Townsville CBD, designed to cater to the growing population of Fairfield Waters
+ Located on the main arterial of Stuart Drive, with exposure to 23,500* passing vehicles daily
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow by 54% by 2041
+ Net Income: $235,376 pa* + GST
For Sale by Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
This opportunity has the following key investment highlights:
+ Anchored by recent ten (10) year lease to Red Rooster to 2032 plus options to 2042
+ Supported by brand new eight (8) year lease to Pizza Hut and new five (5) year lease to Tobacconist
+ Landlord favourable rental growth with a mix of fixed annual and CPI increases
+ Crave-able Brands: powerhouse Australian fast food holding company and owner of the Red Rooster Brand, with over 580 restaurants across a national network
+ Pizza Hut: world’s largest pizza chain with over 12,000 stores worldwide
+ 382sqm* NLA shopfront with a modern configuration incorporating drive-thru facility and ample on-site parking for 22 car spaces
+ Recently refurbished shopfront paid for partially by Red Rooster showing strong tenant commitment and increased depreciation for the incoming landlord
+ Situated 1.75km* from Lavarack Barracks, Australia’s largest battalion base, with over 7,000 personnel stationed on-site
+ Strategically positioned 2,343sqm* freehold site in the renowned Otto Market Precinct surrounded by national retailers McDonald's, BP, Subway, Nando's, Cellarbrations and numerous specialty tenants
+ The Precinct: purpose-built food and beverage retail centre located 5km* from the Townsville CBD, designed to cater to the growing population of Fairfield Waters
+ Located on the main arterial of Stuart Drive, with exposure to 23,500* passing vehicles daily
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow by 54% by 2041
+ Net Income: $235,376 pa* + GST
For Sale by Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
Property ID: 504268608Last Updated: 7 Feb 2024
Burgess Rawson - BrisbaneLevel 12, 127 Creek Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Burgess Rawson Townsville - TOWNSVILLE CITYGround Floor, 61-73 Sturt Street
TOWNSVILLE CITY, QLD 4810
TOWNSVILLE CITY, QLD 4810
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