SOLD - Port Macquarie - Trophy Fast Food Investment

Cushman & Wakefield is pleased to present an outstanding quintessential fast food investment trading as Red Rooster Port Macquarie to be sold via Public Auction.

This blue-chip passive investment is an offering which is rarely repeated in any market.

The property has the following key characteristics:

• Renewed 5 year lease to 2024 + options
• Red Rooster - Iconic fast food brand serving customers weekly across 360 outlets nationally
• Forms part of ‘Craveable brands’ who operate over 570 restaurants across 3 Australian chicken brands Red Rooster, Oporto and Chicken Treat
• Hosting a trading history of over 15 years, this prominent corner site covers 2,381 sqm
• Prime location opposite Hungry Jacks, Coles Express and Port Macquarie Holden
• Port Macquarie - Part of the Mid West Coast, the 7th largest regional centre in NSW, population 74,949
• Tenant pays 100% of outgoings (excl Building Insurance)
• Easily managed, single tenant freehold investment
• Year 1 rental increase 7.7% & Year 2 rental increase 9.5%
• Net Income $201,469* pa + GST (as of September 2020)

For more information about the property, please contact the exclusive property professionals at Cushman & Wakefield.