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).