The purpose-built 435sqm* dual-lane drive-through was opened in 2020, and offers a secure 15 year lease to 2040, with further options to 2080, which Mr O'Keeffe says will give the incoming purchaser ultimate peace-of-mind.
“Not only does this newly built Hungry Jack’s provide outstanding depreciation benefits for the incoming purchaser, but with income security guaranteed for many years to come this is the definition of a set and forget asset.”
Located in the rapidly growing border city of Albury-Wodonga, the Hungry Jack’s is situated on a high-profile 2,502sqm* main road site within a thriving retail precinct surrounded by major traffic-generating brands including Aldi, Petstock and Bridgestone.
Generating a net Income of $203,350 + GST per annum with CPI annual rental increases, Mr Feltoe expects that the campaign will generate significant demand.
“There is arguably no more popular asset type for defensive investors in Australia right now than Fast Food. With this property being single tenanted by one of Australia’s most popular brands, this is the ideal passive investment for these buyers.”
Hungry Jack’s Lavington will be auctioned on Tuesday 15th July, 10:30am (AEST) at Mezzanine Level, 50 Margaret Street, Sydney NSW.
