Adelaide Hungry Jacks sells at 5.4% yield
Jonathan ChancellorDecember 7, 2020
A new Hungry Jacks property, north of Adelaide, has sold at auction for $3.5 million to a local private investor.
The Savills sale reflected a 5.4% yield.
The Playford Alive town centre property has a building area of 184 square metre on its 1,971 square metre site.
There is a 10-year lease from June 2014 with three further five-year options.
The property sold through Peter Isaksson and Rino Carpinelli of Savills South Australia on behalf of Adelaide-based developer GIC Australia Pty Ltd.
Playford Alive is 30 kilometres north of the Adelaide CBD, one of Australia’s most significant urban renewal projects.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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