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51-57 Hospital Road, EMERALD, QLD (KFC)

Hospital Road, Emerald

Auction: Tuesday, 29 October 2019

POA
Price
301sqm
Size
retail

Description

New 15 year lease to 4 August, 2033 # Net passing income of $108,638 p.a. # 100% leased to ASX200 company, Collins Foods Limited (ASX:CKF), which reported $901.2 million in revenue in the 2019 financial year and has a market capitalisation of approximately $1.17 billion # Collins Food is operating a high performing KFC from the property which has recorded 13.7% turnover growth in the year to 23 June, 2019 # KFC Emerald is located in one of the most productive regions in the country, the Central Highlands Region, with Gross Regional Product of $140,322 per capita compared to Gross Domestic Product per capita of $79,107 across Australia # High profile, freestanding restaurant on an expansive 1,263 sqm site with 20 car parks and fronting Hospital Road & Gregory Highway # Directly next door to Woolworths-anchored ?The Village @ Emerald? shopping centre which generates significant foot traffic # Tenant pays all outgoings excluding land tax Auction 12 noon AEDT, Wednesday 30 October 2019 Crown Casino, Melbourne VIC

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