Sold
Trophy Fast-Food & Convenience Retail Investment | Adjoining Coles anchored Ormeau Village Shopping Centre
2 Coles Drive, Ormeau QLD 4208
Last Asking Price - $5,225,000-$5,747,500
RetailSize: n/a
Block size: 4990 m² approx.
Burgess Rawson is pleased to offer to the market the Hungry Jack's & Viva Energy/Shell investment located at 2 Coles Drive, Ormeau for sale via our Investment Portfolio 167.
The property has the following investment highlights:
+ World class complementary tenancy mix secured by Viva Energy Australia and Hungry Jack's.
+ Exceptional 7.8-year* WALE with evenly distributed income streams.
+ Viva Energy Limited (ASX: VEA): Blue-chip $5.4 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market. **
+ Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022.***
+ Landmark 4,990 sqm* corner freehold with triple street frontage, adjacent to the high trading Coles anchored Ormeau Village Shopping Centre and Zupp Property's $100 million "Interciti" commercial precinct.
+ Top tier ASX listed and national essential services tenant covenants.
+ State-of-the-art fuel and convenience retail centre plus two (2) level Hungry Jack's restaurant plus drive thru.
+ Attractive annual fixed rent increases of 3.5%, along with favourable turnover rent from Hungry Jack's.
+ New 2019 construction, offering significant depreciation benefits.
+ Ormeau: Booming median house price increasing by 27.1% over the past 24 months****
+ City of Gold Coast: Population of over 647,000 and the city is expected to approach 1 million by 2041.*****
+ City of Gold Coast Developments: $22.79 billion of completed or future developments within the Gold Coast Region.******
+ Net Income: $396,858 pa* + GST (plus Hungry Jack's turnover rent)
For Sale by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: https://auctionslive.com/app/bidder-registration/XqLVP
ASIAN INVESTMENT SERVICES
ZOMART HE
0488 220 830
zhe@burgessrawson.com.au
*Approx
**Viva Energy Australia
***Competitive Foods Australia
****realestate.com.au
*****City of Gold Coast Economic Outlook 2023
******City of Gold Coast
The property has the following investment highlights:
+ World class complementary tenancy mix secured by Viva Energy Australia and Hungry Jack's.
+ Exceptional 7.8-year* WALE with evenly distributed income streams.
+ Viva Energy Limited (ASX: VEA): Blue-chip $5.4 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market. **
+ Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022.***
+ Landmark 4,990 sqm* corner freehold with triple street frontage, adjacent to the high trading Coles anchored Ormeau Village Shopping Centre and Zupp Property's $100 million "Interciti" commercial precinct.
+ Top tier ASX listed and national essential services tenant covenants.
+ State-of-the-art fuel and convenience retail centre plus two (2) level Hungry Jack's restaurant plus drive thru.
+ Attractive annual fixed rent increases of 3.5%, along with favourable turnover rent from Hungry Jack's.
+ New 2019 construction, offering significant depreciation benefits.
+ Ormeau: Booming median house price increasing by 27.1% over the past 24 months****
+ City of Gold Coast: Population of over 647,000 and the city is expected to approach 1 million by 2041.*****
+ City of Gold Coast Developments: $22.79 billion of completed or future developments within the Gold Coast Region.******
+ Net Income: $396,858 pa* + GST (plus Hungry Jack's turnover rent)
For Sale by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: https://auctionslive.com/app/bidder-registration/XqLVP
ASIAN INVESTMENT SERVICES
ZOMART HE
0488 220 830
zhe@burgessrawson.com.au
*Approx
**Viva Energy Australia
***Competitive Foods Australia
****realestate.com.au
*****City of Gold Coast Economic Outlook 2023
******City of Gold Coast
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jamie Perlinger to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
4990 m²*
Other Details
Lot:
2
Plan Type:
SP
Plan:
308705
Legal description:
2/SP308705
Maps and area information
Block information
Block size: 4990m² (approx)
Legal description: 2/SP308705
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
26 Mar 2024
Sold
Burgess Rawson & Associates
Listed: 13/03/2024
Block size: 4990m²
Transfer type: Full transfer
Ormeau suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
36 years
Population
15,938
Listing ID: 182368638. This listing has been viewed 0 times. It was first displayed on 13/03/2024 and last updated on 26/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.