Description
Subway Drive-Thru Investment - Prime Location & Long-Term Tenant
Retail - Berserker QLD
3-5 Queen Elizabeth Drive, Berserker (Rockhampton) Is a thriving drive-thru Subway that has been leased to Subway Australia since 2013. A new lease extension provides a secure initial lease-term to October 2028 with 3 x 5 year options to 2043.
The prime location fronts busy Queen Elizabeth Drive with more than 40,000 vehicles passing daily and Toft Street Intersection with more than 70,000 vehicles passing daily.
INVESTMENT HIGHLIGHTS:
► Secure 15-year to October 2028 plus options 3 x 5 year options to 2043
► Prime freehold 1,120 square metre site with on-site parking and drive-thru
► Net lettable area 220 square metres
► High profile arterial road frontage (State Route 4)
► Corner position with 3 street frontages
► Subway® brand is the world’s largest sandwich restaurant chain with over 37,000 stores in over 100 countries around the world. In Australia Subway have over 1,200 stores nationally
► Tenant pays outgoings as defined by the lease (including property management fee)
► Fixed 4% annual increases
► Net Rent: $104,000 pa + GST (as at October 2024)
Property Features
- Retail
- Land is 1,120 m²
- Floor Area is 220 m²
