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Hungry Jacks - 274 Mulgrave Road, CAIRNS QLD - (Auction 137 MLB)
Mulgrave Road, Westcourt
Auction: Tuesday, 23 June 2020
POA
Price
333sqm
Size
retail
Description
- Leased to Hungry Jack?s Pty Ltd until March 2030 - Plus 2 x 5 year options to 2040 - Fixed annual 4% rent increases - Prominent 3,188 sqm corner site adjoining Cairns DFO Centre with 74 tenancies and 1,200+ car spaces - Successful store with brand new, dual 2 lane drive-thru facility - 39 on-site car spaces plus waiting bays - Passing traffic count of approximately 35,000 per day - 7% turnover rent payable over threshold - Tenant pays all outgoings as per the lease - Net Income: $248,432 pa + GST Auction: 10.30am AEST, Wednesday 24 June 2020