Located at 375 Wagga Road in Lavington (NSW), the freestanding drive-through sold for $4,410,000 representing a sharp 4.61 per cent yield, the tightest for a freestanding NSW fast food asset in 2025 to date.
Lachlan O'Keeffe (pictured), Michael Feltoe and Pablo Routledge sold the property.
Built in 2020, the 435sqm* restaurant was sold with a new 15 year lease until 2040 to an established Hungry Jack’s franchisee and generated a below-market net income of $203,350 + GST per annum with Mr O’Keeffe saying it represented great value for buyers.
“We attracted 558 enquiries throughout the auction campaign, a clear sign of not only the demand for fast food assets, but also RWC Retail’s ability to generate significant interest and competition for fast food property in New South Wales.”
Situated on a 2,502sqm* main road land parcel with 29 car parks, the property benefited from significant exposure to over 147,000 vehicles weekly.
The result follows RWC Retail's successful sale of Hungry Jack’s Coopers Plains in Brisbane for $7,530,000, which achieved an Australian record 722 enquiries.
“Our Hungry Jack’s vendors have benefited from a focused approach with a dedicated sales campaign that ensures their property stands out, and is not lost in the crowd,” said Mr Feltoe
"The proof is in the results - more buyers, more competition, premium prices.”
