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Twice as nice – 10 Year Lease to Restaurant Brands

50 Northcote Road, Northcote

Retail Property
dollar

Tender

Floor area
329m2
Land area
1849m2
Title type
Freehold
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Tender

Wednesday
4:00pm
29
Jul

Map

Property details

Listing # 1781260 | Listed on 1 July
  • Brand new retail investment property - Combination KFC and Taco Bell
  • New 10-year lease to Restaurant Brands returning $330,000 pa + GST
  • High profile 1,849sqm site zoned Business – Mixed Use
  • Proven location and surrounded by established residential catchment
  • Hands-off investment with unbeatable tenant covenant

A brand-new hands-off investment in a strategic and established location. Comprising a high-profile combination KFC dine in and drive through Taco Bell restaurant on a main thoroughfare, the property benefits from a new ten-year lease to Restaurant Brands, with fixed rental growth throughout the lease.

Underpinned by a high-profile 1,849sqm (more or less) freehold land holding zoned Business – Mixed Use, the site is positioned on a main thoroughfare, offering excellent exposure to traffic movements throughout the day.

Brand new investments of this calibre seldom become available to the market, particularly in such strategic locations. Don’t miss this one.

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