2/111 George Street,
Rockhampton City, QLD 4700
Shops & Retail • Other
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CBRE - QLD
Level 3, 1 Eagle StreetBRISBANE CITY, QLD 4000
2/111 George Street
Rockhampton City, QLD 4700
Map of 2/111 George Street
Bite Sized, Entry-Level Fast Food Investment
- 100% of outgoings recoverable
- Located in popular convenience centre
- Rental increase of 8.9% at next review
Burgess Rawson is pleased to offer to the market, 111 George Street, Rockhampton QLD for sale via our Auction Investment Portfolio 156.
The property has the following investment highlights:
+ New and secure 10 year net lease to January 2031 plus option to January 2041
+ Pizza Hut: world’s largest pizza chain with 270 stores across Australia and over 12,000 worldwide
+ Landlord friendly net lease structure with the tenant paying all outgoings
+ Strong trading store with recent fit out, highlighting long-term commitment to the site
+ Certain rental growth with stepped lease rent reviews for the first 4 years and CPI reviews there after (next increase equates to 8.9%)
+ 101sqm* NLA unit located in the modern and extremely busy strip shopping complex - “One Eleven on George”, with 60* on-site car parks
+ Major retailers and businesses in the complex include TAB, Miss India, ASN (Australian Sports Nutrition), Advantage Pharmacy and Pattysmiths Restaurant
+ Situated at the intersection of George Street (Bruce Highway) and Fitzroy Street in the heart of South Rockhampton, directly across from McDonald's and adjacent to Puma Rockhampton
+ Rockhampton: logistical hub of Central Queensland with a diverse economy underpinned by resource and agriculture, generating $84.5 billion annually (2021)
+ Net Income: $28,000 pa + GST (as at 7 January 2023)
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 27 October 2022
The Hilton, Brisbane
*approx.
The property has the following investment highlights:
+ New and secure 10 year net lease to January 2031 plus option to January 2041
+ Pizza Hut: world’s largest pizza chain with 270 stores across Australia and over 12,000 worldwide
+ Landlord friendly net lease structure with the tenant paying all outgoings
+ Strong trading store with recent fit out, highlighting long-term commitment to the site
+ Certain rental growth with stepped lease rent reviews for the first 4 years and CPI reviews there after (next increase equates to 8.9%)
+ 101sqm* NLA unit located in the modern and extremely busy strip shopping complex - “One Eleven on George”, with 60* on-site car parks
+ Major retailers and businesses in the complex include TAB, Miss India, ASN (Australian Sports Nutrition), Advantage Pharmacy and Pattysmiths Restaurant
+ Situated at the intersection of George Street (Bruce Highway) and Fitzroy Street in the heart of South Rockhampton, directly across from McDonald's and adjacent to Puma Rockhampton
+ Rockhampton: logistical hub of Central Queensland with a diverse economy underpinned by resource and agriculture, generating $84.5 billion annually (2021)
+ Net Income: $28,000 pa + GST (as at 7 January 2023)
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 27 October 2022
The Hilton, Brisbane
*approx.
Rockhampton City, 4700 demographic data
The median household income for Rockhampton City is $1,118, 26% lower than Regional Queensland's household income of $1,507. Rockhampton City has an older age profile compared to the rest of Regional Queensland (median age 42 vs 41). Property ownership data shows 45% of property owners in Rockhampton City have a mortgage.
2,059
Population
$1,118 per week
Median household income
42 years
Median age
Renters
Most residents
Families
Most households
CBRE - QLDLevel 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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