High-Profile Drive-Thru with Long Lease to Red Rooster

The Details

Location
Coff Harbour, NSW
Type
Retail
Purchase Price
$2,500,000 – Going Concern
Rent
$129,545.45
Yield
4.92%
Cashflow
$9,295 (70% loan at 6.5%)
Total Return (incl. capital gains)
$159,295 (cashflow + 6% growth)
Lease
10-year term (23 Jan 2023–22 Jan 2033) + 2 x 5-year options; 3.75% annual increases; market on option.
Total Area
291 sqm approx

Why We Love This Property

  • Secured exclusively off market
  • 10 year lease until 2033 with 2 x 5 yr options
  • Solid rental increases
  • Surrounded by national tenants
  • Red Rooster has been here over 20 years!
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