Kooie Commercial

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2

161 Boat Harbour Drive,

Shops & Retail Offices

Price information Sale

555959

Key insights

Description

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 or Nick Dowling.

*Approx.