Restuarant

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A property leased to fast-food chain Hungry Jack's in Griffith in NSW sold under the hammer for a yield of 5.1 percent at a Burgess Rawson portfolio auction in early April.
The <a href="https://www.burgessrawson.com.au/buying/NSW/Riverina/Griffith/Retail/2P1156#.Vwx8n2R95-U" target="_blank">49-53 Jondaryan Avenue</a> property fetched $3.4 million at auction.
It is a 240 sqm restaurant, which was refurbished in 2013 to Hungry Jack's corporate design and layout with customer drive thru and 31 onsite car spaces.
The land area is 2,400 sqm and it located between town centre and Griffith Homemaker Centre anchored by Bunnings.
The property is on a secure 10-year lease to Hungry Jacks Pty Ltd until February 2023 with options for three 10-year extensions.
The rent is $172,096 pa plus GST and there will be a minimum 3 percent rent increases. 
The tenant pays usual outgoings excluding land tax.
Griffith is a regional city in NSW with a population catchment of 52,000. 
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Hungry Jack's in NSW's Griffith fetches $3.4 million at Burgess Rawson auction

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The home of an established Mosman restaurant, Basil Nut, is set to go under the hammer.
CBRE’s Jason Lowry, Nicholas Heaton and Toby Silk have been appointed to sell the 928 Military Road, Mosman property on behalf of Richard Lingard.
With 54 square metres on title, the restaurant has operated for over a decade.
The property is being sold with over six years remaining on the current lease, providing potential owners with a strong income-generating investment.
Mr Silk said, “compared to current bank term deposit rates at less than 1.3%, a tenanted investment such as this with a core following, strong location and built-in rental growth has a lot of appeal.” 
“This property is the perfect offering for an investor looking to take advantage of traditional bricks and mortar real estate coupled with the growing online delivery market. The restaurant is full every night and the online delivery is booming,” Mr Silk commented.
It is set for auction on the 26th of November.
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Restuarant

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