274 Mulgrave Road,
Westcourt, QLD 4870

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Blue Ribbon Fast Food Investment - Renewed 10 Year Head Office Lease

10 Year 'Head Lease' + option to 2040
Prominent corner position adjoining DFO
4% Fixed annual rent increases

- Leased to Hungry Jack’s Pty Ltd until March 2030
- Plus 2 x 5 year options to 2040
- Fixed annual 4% rent increases
- Prominent 3,188 sqm corner site adjoining Cairns DFO Centre with 74 tenancies and 1,200+ car spaces
- Successful store with brand new, dual 2 lane drive-thru facility
- 39 on-site car spaces plus waiting bays
- Passing traffic count of approximately 35,000 per day
- 7% turnover rent payable over threshold
- Tenant pays all outgoings as per the lease
- Net Income: $248,432 pa + GST

Auction: 10.30am AEST, Wednesday 24 June 2020

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Westcourt, 4870 demographic data

The median household income for Westcourt is $1,186, 21% lower than Regional Queensland's household income of $1,507. Westcourt has a similar age profile compared to the rest of Regional Queensland (median age 41). Property ownership data shows 46% of property owners in Westcourt have a mortgage.

3,841

Population

$1,186 per week

Median household income

41 years

Median age

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Kelly & Co Property - Brisbane

Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000