Grill'd Bulimba, 124 Oxford Street, Bulimba, QLD, 4171

RWC Retail are proud to present Grill'd Bulimba, 124 Oxford St, Bulimba QLD for sale by Auction. On offer is a freestanding trophy retail investment leased to one of Australia's largest fast food operators for over 17 years, in one of Brisbane's most affluent suburbs

|What|

• A freestanding single tenanted fast food investment leased to Australian fast food giant Grill'd (170+ stores nationwide)

• 10 Year head-office lease to Grill'd, with the tenant responsible for all usual outgoings (excl. Land Tax)

• Anchored by Grill'd since 2007 (17 years)

• High profile building with 195sqm* of under roof area with both front and rear customer access

• Net Income of $227,968* + GST p.a.

|Where|

• Irreplaceable 339sqm* land parcel in the heart of the prized suburb of Bulimba, just 2.5km* from the Brisbane CBD

• Highly desired positioning on Oxford Street, one of Brisbane's most tightly held retail precincts

• Flanked by significant traffic generating amenity including a Woolworths Supermarket, Cinemas, Schools and one of the largest sporting clubs in Queensland

• Bulimba is one of Brisbane's most affluent suburbs, with a median house price of $1.87 million^ and median per capita income 57%^^ greater than the Australian benchmark

• Imminent population growth underpinned by the development of the Bulimba Barracks - delivering 850+ new dwellings for over 2,000 new residents

|Why|

• Set & forget investment with a net lease and longstanding national tenant who is responsible for day to day maintenance of the property

• Inflation resilient CPI + 1% annual rent increases

• Grill'd is a proven national operator, having successfully cornered the upmarket burger chain market that is ideally suited to Bulimba's demographics

• Bulimba is one of Grill'd's best performing Queensland stores, leading to them doubling the size of the store in 2017 & leasing the entire property

• First time offered to market in over 30 years

The Auction will be conducted at Level 26,111 Eagle Street, Brisbane City, on Thursday 18 July 2024 at 9:45 am (AEST).

*Approximate

^realestate.com.au

^^IQCensus

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