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SOLD

161 Boat Harbour Drive, Hervey Bay, QLD, 4655

Properties / Sold / Queensland / Hervey Bay

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Thursday 29 August 2024 at 12pm.

Land Area

3,392 m² (*approx)

Property Type

Retail

Sub-type

Cafe/Restaurant, Mixed Use

Terms

KFC leased until 2031 plus 2 x 5 year options Pizza Hut leased until 2029 plus 2 x 5 year options

Est. Income

$353,383 p/a

Fully Leased

KFC, Pizza Hut

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2. Property Highlights

KFC and Pizza Hut Investment in Major QLD Coastal Growth Region

Estimated Net Income $353,383* p.a.
Leased to KFC (2031) & Pizza Hut (2029)
Prime Main Road Position

161 Boat Harbour Drive, Urraween (Hervey Bay) is truly a prime investment offering tenanted by two long term national fast foods brands. Located in one of the highest profile positions in Hervey Bay, the offering provides a secure income stream with strong annual growth in an unbeatable location.

- KFC leased until 2031 plus 2 x 5 year options

- Pizza Hut leased until 2029 plus 2 x 5 year options

- Estimated net income: $353,383 p.a.*

- Prime 3,392m²* site at the entrance to Stockland’s Hervey Bay Shopping Centre

- Improved with two freestanding tenancies including KFC drive-thru

- Strong fixed annual increases of 4% (KFC) and 3.5% (Pizza Hut)

- 100% income secured by blue chip and essential food related tenants

- Surrounded by major bands including McDonalds, Hungry Jacks, Spotlight and Dan Murphy’s

- Hervey Bay is a key growth corridor with avg 1.41% growth annually since 2011 plus approx. 1.4 million* overnight visitors annually

For Sale via Public Auction In-Rooms on Thursday 29 August 2024 at 12pm.

For further information please contact exclusive marketing agents Mark Wollin, Nick Dowling, or Harry Bui.

*Approx.

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