Red Rooster, 10 Grandview Drive,
Mount Pleasant, QLD 4740
Shops & Retail • Offices • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Red Rooster, 10 Grandview Drive
Mount Pleasant, QLD 4740
Map of Red Rooster, 10 Grandview Drive
7 Year Lease to Red Rooster | Outstanding Main Road Position Directly Opposite Major Shopping Centre
- Craveable Brands 560+ Restaurants
- 1,900sqm Freehold Corner Site
- Attractive 4% Annual Increases
Burgess Rawson is pleased to offer to the market the Red Rooster located at 10 Grandview Drive, Mount Pleasant QLD for sale via our Investment Portfolio Auction 164.
This opportunity has the following key investment highlights:
+ Renewed seven (7) year lease to Red Rooster to November 2030 plus options through to 2040.
+ Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
+ Investor preferred net lease structure, with the tenant paying all outgoings as per the lease
+ Desirable annual 4% rent increases and rare 6 month security deposit ($80,760.90).
+ Recent capital-intensive tenant funded fit out, bringing in line with new Red Rooster national branding.
+ Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
+ High exposure 1,900sqm* corner freehold site with drive-thru and 75 metres* of dual frontage.
+ Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.
+ Strategic highly desirable position directly opposite Mount Pleasant Shopping Centre featuring 70 plus stores, Priceline Pharmacy, Petbarn, and Amart.
+ Mackay: fast growing commercial centre underpinned by agriculture, mining and tourism. Current population 120,000*
+ Net Income: $172,000 pa* + GST.
To be sold via Investment Portfolio Auction 164
10:30am AEST Thursday 26 October 2023
The Hilton Hotel
*Approx
**GapMaps
This opportunity has the following key investment highlights:
+ Renewed seven (7) year lease to Red Rooster to November 2030 plus options through to 2040.
+ Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
+ Investor preferred net lease structure, with the tenant paying all outgoings as per the lease
+ Desirable annual 4% rent increases and rare 6 month security deposit ($80,760.90).
+ Recent capital-intensive tenant funded fit out, bringing in line with new Red Rooster national branding.
+ Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
+ High exposure 1,900sqm* corner freehold site with drive-thru and 75 metres* of dual frontage.
+ Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.
+ Strategic highly desirable position directly opposite Mount Pleasant Shopping Centre featuring 70 plus stores, Priceline Pharmacy, Petbarn, and Amart.
+ Mackay: fast growing commercial centre underpinned by agriculture, mining and tourism. Current population 120,000*
+ Net Income: $172,000 pa* + GST.
To be sold via Investment Portfolio Auction 164
10:30am AEST Thursday 26 October 2023
The Hilton Hotel
*Approx
**GapMaps
Property ID: 504428784Last Updated: 7 Feb 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Raine & Horne - Brisbane CentralShop 804a/3 Parkland Boulevard
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
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Liquorland & Taylor's Hotel, 126 Wood Street,Mackay, QLD 4740 1499 m²Shops & Retail • Hotel, Motel & Leisure • Other
Contact Agent
Shell/Viva Energy, 1 Interlink Court,Mackay, QLD 4740 1 m²Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
