161 Boat Harbour Drive,
Urraween, QLD 4655
Shops & Retail
Price information
Sold
$7,900,000
Key property information
Floor area
Tenure type
Sold on
Colliers - Sunshine Coast
Level 5, 57 The EsplanadeCOTTON TREE, QLD 4558
161 Boat Harbour Drive
Urraween, QLD 4655
Map of 161 Boat Harbour Drive
KFC and Pizza Hut Investment in Major QLD Coastal Growth Region
- Estimated Net Income $353,383* p.a.
- Leased to KFC (2031) & Pizza Hut (2029)
- Prime Main Road Position
161 Boat Harbour Drive, Urraween (Hervey Bay) is truly a prime investment offering tenanted by two long term national fast foods brands. Located in one of the highest profile positions in Hervey Bay, the offering provides a secure income stream with strong annual growth in an unbeatable location.
- KFC leased until 2031 plus 2 x 5 year options
- Pizza Hut leased until 2029 plus 2 x 5 year options
- Estimated net income: $353,383 p.a.*
- Prime 3,392m²* site at the entrance to Stockland’s Hervey Bay Shopping Centre
- Improved with two freestanding tenancies including KFC drive-thru
- Strong fixed annual increases of 4% (KFC) and 3.5% (Pizza Hut)
- 100% income secured by blue chip and essential food related tenants
- Surrounded by major bands including McDonalds, Hungry Jacks, Spotlight and Dan Murphy’s
- Hervey Bay is a key growth corridor with avg 1.41% growth annually since 2011 plus approx. 1.4 million* overnight visitors annually
For Sale via Public Auction In-Rooms on Thursday 29 August 2024 at 12pm.
For further information please contact exclusive marketing agents Mark Wollin or Nick Dowling.
*Approx.
- KFC leased until 2031 plus 2 x 5 year options
- Pizza Hut leased until 2029 plus 2 x 5 year options
- Estimated net income: $353,383 p.a.*
- Prime 3,392m²* site at the entrance to Stockland’s Hervey Bay Shopping Centre
- Improved with two freestanding tenancies including KFC drive-thru
- Strong fixed annual increases of 4% (KFC) and 3.5% (Pizza Hut)
- 100% income secured by blue chip and essential food related tenants
- Surrounded by major bands including McDonalds, Hungry Jacks, Spotlight and Dan Murphy’s
- Hervey Bay is a key growth corridor with avg 1.41% growth annually since 2011 plus approx. 1.4 million* overnight visitors annually
For Sale via Public Auction In-Rooms on Thursday 29 August 2024 at 12pm.
For further information please contact exclusive marketing agents Mark Wollin or Nick Dowling.
*Approx.
Property ID: 504651944Last Updated: 22 Oct 2024
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COTTON TREE, QLD 4558
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