Lot 3/4 Carrington Street,
West End, QLD 4810
Shops & Retail • Medical & Consulting • Offices
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson Consultants
National Office | Level 7, 140 Bourke StreetMELBOURNE, VIC 3000
Lot 3/4 Carrington Street
West End, QLD 4810
Map of Lot 3/4 Carrington Street
Brand New Fully Leased Retail Convenience Centre
- High exposure 4,388sqm* site
- Four drive-thru tenancies
- Only 4km* to the Townsville CBD
Burgess Rawson is pleased to offer to market a brand new retail convenience centre, located at 4 Carrington Street, West End (Townsville) QLD, via our Auction Investment Portfolio 159.
This new development consists of four brand new drive-thru freestanding retail opportunities offering the following key investment highlights:
Lot 1 - Banjo’s Bakery Café
+ 12 year net lease to 2034 plus four (4) further five (5) year options 2054
+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 40 sites nationally
+ Opened in December 2022 with modern dual lane drive-thru and 231sqm* restaurant
+ Offering outstanding depreciation benefits
+ Favourable CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $251,000 pa* + GST
Lot 2 - Hoppy’s Carwash
+ 10 year net lease to 2033 plus three (3) further five (5) year options to 2048
+ Hoppy’s Carwash: long established carwash and café operator with 10+ sites in Queensland
+ State of the art, automated carwash facility, drive-thru, designated dog wash and 8 x vacuum bays
+ The greater of fixed 2% or CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $120,000 pa* + GST
Lot 3 - Zambrero
+ 10 year lease to 2032 plus four (4) further five (5) year options to 2042
+ Zambrero: global fast food operator founded in 2005 with over 230 throughout Australia, America, New Zealand & Ireland
+ Modern 135sqm* drive-thru restaurant, opened in January 2023 offering outstanding depreciation benefits
+ Located in a prime position within the complex
+ Fixed 3% annual rent increases
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $114,500 pa* + GST
Lot 4 - Miss Sushi
+ 5.5 year lease to 2028 plus two (2) further five (5) year options to 2038
+ Miss Sushi: experienced operator with two restaurants in North Queensland
+ Newly constructed 75sqm* single lane drive-thru situated on a large 390sqm* site
+ Favourable CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $80,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 30 March 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
This new development consists of four brand new drive-thru freestanding retail opportunities offering the following key investment highlights:
Lot 1 - Banjo’s Bakery Café
+ 12 year net lease to 2034 plus four (4) further five (5) year options 2054
+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 40 sites nationally
+ Opened in December 2022 with modern dual lane drive-thru and 231sqm* restaurant
+ Offering outstanding depreciation benefits
+ Favourable CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $251,000 pa* + GST
Lot 2 - Hoppy’s Carwash
+ 10 year net lease to 2033 plus three (3) further five (5) year options to 2048
+ Hoppy’s Carwash: long established carwash and café operator with 10+ sites in Queensland
+ State of the art, automated carwash facility, drive-thru, designated dog wash and 8 x vacuum bays
+ The greater of fixed 2% or CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $120,000 pa* + GST
Lot 3 - Zambrero
+ 10 year lease to 2032 plus four (4) further five (5) year options to 2042
+ Zambrero: global fast food operator founded in 2005 with over 230 throughout Australia, America, New Zealand & Ireland
+ Modern 135sqm* drive-thru restaurant, opened in January 2023 offering outstanding depreciation benefits
+ Located in a prime position within the complex
+ Fixed 3% annual rent increases
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $114,500 pa* + GST
Lot 4 - Miss Sushi
+ 5.5 year lease to 2028 plus two (2) further five (5) year options to 2038
+ Miss Sushi: experienced operator with two restaurants in North Queensland
+ Newly constructed 75sqm* single lane drive-thru situated on a large 390sqm* site
+ Favourable CPI rent reviews (7.7% CPI December 2022)
+ Tenant pays all usual outgoings as per the lease
+ Net Income: $80,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 30 March 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
West End, 4810 demographic data
The median household income for West End is $1,402, 7% lower than Regional Queensland's household income of $1,507. West End has a younger age profile compared to the rest of Regional Queensland (median age 40 vs 41). Property ownership data shows 58% of property owners in West End have a mortgage.
3,891
Population
$1,402 per week
Median household income
40 years
Median age
Renters
Most residents
Families
Most households
Burgess Rawson ConsultantsNational Office | Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
CBRE - TownsvilleGround Floor, 61-73 Sturt Street
TOWNSVILLE CITY, QLD 4810
TOWNSVILLE CITY, QLD 4810
More properties from Burgess Rawson Consultants
Other properties you might be interested in based on the location and property type you are looking at.
