Hungry Jack's Armidale, 117 Dumaresq Street,
Armidale, NSW 2350

Hungry Jack’s Armidale is located on northern side of Dumaresq Street, in the Central Business District of Armidale.The building is situated on a 1,714 sqm regular shaped and level site, on the northern side of Dumaresq Street. The improvements comprise of a purpose built drive-through Hungry Jack’s restaurant, with external playground and approximately 28 on-site car parking spaces. There is also an abundance of public at grade car parking provided adjoining the subject property.

Property Key Points

• Strong covenant Leased directly Hungry Jack’s Pty Ltd with over 390^ stores across Australia and revenue in excess of $1bn^.
• Five (5) year Lease expiring 30 June 2018 with a further three x five (5) year Options.
• Annual CPI increases with Market Reviews at Option suggesting strong likelihood of upside.
• Strong trade area of 25,000^ persons being largely populated by School and University Students with 40%^ of the population being under the age of 24^.
• Benefiting from a significant frontage of 41 metres*, plus exposure to Marsh Street coupled with strategic alliances being situated directly opposite a Coles anchored Shopping Centre, adjacent to Armidale Tourism Information Centre and a BP Service Station.
• Fully leased net income of $84,496* (plus GST) as at 1 July 2015.

*Approximately
^ABS, Competitive Foods Australia Pty Ltd , Hungry Jack’s Pty Ltd

For Sale by Public Auction Wednesday 24 June 2015 at 10:30am (AEST).