Red Rooster Mount Gambier, 76a Jubilee Highway East,
Mount Gambier, SA 5290
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Key 2 Sale (RLA 282450) - MOUNT GAMBIER
22 Sturt StreetMOUNT GAMBIER, SA 5290
Red Rooster Mount Gambier, 76a Jubilee Highway East
Mount Gambier, SA 5290
Map of Red Rooster Mount Gambier, 76a Jubilee Highway East
Renewed 10 Year ‘Head Office’ Lease | Substantial 2,388*sqm Hwy Site
- 10 Year ‘Head Office’ Lease to 2030
- No Stamp Duty Payable
- Established Red Rooster Store
Burgess Rawson in conjunction with Key 2 Sale are pleased to offer to the market this established Red Rooster opportunity at 76 Jubilee Highway East, Mount Gambier SA, for sale via Investment Portfolio Auction 168.
+ Renewed 10 Year ‘Head Office’ lease to Red Rooster to 2030
+ Three (3) further Five (5) year options through to 2045
+ Red Rooster: part of the Craveable Brands international network with 580 restaurants across Australia.
+ Favourable CPI rent reviews - next due November 2024
+ Substantial 2,388*sqm highway site and exposure to 14,350+ vehicles passing daily*
+ Modern 252*sqm building to the latest corporate design and important drive thru facility.
+ Consistent high-ranking store nationally across ‘all aspects’
+ Includes 7 car spaces on-title, plus a further 12 spaces on license agreement as per the lease.
+ Strategic highway site, surrounded by key national retailers including; Woolworths, Dan Murphy’s, BP, Coles & Harvey Norman within 1.5*km radius
+ Mount Gambier: South Australia’s second largest urban city with a growing population of circa 30,000
+ No stamp duty payable
+ Current Net Income: $87,178.38pa* + GST
+ Forecast Net Income: $90,876pa* + GST (as at November 2024 assuming 3.5% increase, noting current CPI 4.8%)
For Sale by Investment Portfolio Auction 168
10:30am AEST Wednesday 15 May 2024
Sydney Opera House
+ Renewed 10 Year ‘Head Office’ lease to Red Rooster to 2030
+ Three (3) further Five (5) year options through to 2045
+ Red Rooster: part of the Craveable Brands international network with 580 restaurants across Australia.
+ Favourable CPI rent reviews - next due November 2024
+ Substantial 2,388*sqm highway site and exposure to 14,350+ vehicles passing daily*
+ Modern 252*sqm building to the latest corporate design and important drive thru facility.
+ Consistent high-ranking store nationally across ‘all aspects’
+ Includes 7 car spaces on-title, plus a further 12 spaces on license agreement as per the lease.
+ Strategic highway site, surrounded by key national retailers including; Woolworths, Dan Murphy’s, BP, Coles & Harvey Norman within 1.5*km radius
+ Mount Gambier: South Australia’s second largest urban city with a growing population of circa 30,000
+ No stamp duty payable
+ Current Net Income: $87,178.38pa* + GST
+ Forecast Net Income: $90,876pa* + GST (as at November 2024 assuming 3.5% increase, noting current CPI 4.8%)
For Sale by Investment Portfolio Auction 168
10:30am AEST Wednesday 15 May 2024
Sydney Opera House
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Property ID: 504568508Last Updated: 19 Jul 2024
Key 2 Sale (RLA 282450) - MOUNT GAMBIER22 Sturt Street
MOUNT GAMBIER, SA 5290
MOUNT GAMBIER, SA 5290
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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