Red hot property for sale
A BUILDING that has been leased to a popular franchise for over 30 years is up for sale.
Leased to a Red Rooster franchisee, the property has been tightly held by the current owners since 1986 and was one of the original drive-thru restaurants, which continues to be one of the top-trading Red Roosters in Queensland.
Situated at 113-117 Musgrave Street, Berserker, this long established, high turnover store is part of the Red Rooster chain that strategically supports over 360 stores across Australia and employees over 7,500 people.
Producing a net income of about $91,000 p.a, this prime freehold 1,437sqm site is easily accessible and boasts excellent exposure with arterial road frontage and ample on-site parking for circa 20 vehicles.
The building is a modern, well-presented and maintained, new format store with a 10-year lease in place commencing 2015 with options to 2030.
According to the selling agent, Glenn Conridge of Burgess Rawson Queensland, this is one of those unique offerings of a freehold investment which is securely leased on a 10 year + 5 year + 5 year contract in a prominent position; State Route 4.
Appointed property consultants Burgess Rawson Queensland, will be auctioning this commercial property on September 14 in Melbourne. Email gconridge@