Isaac Property Developments has sold a premium fast food and childcare investment property in Bligh Park (South Windsor), NSW for $22.211 million, reflecting a solid yield of 4.98%.

Located at 752 George Street, the asset sold via an Expressions of Interest campaign facilitated by Burgess Rawson’s Yosh Mendis, Darren Beehag and Geoff Sinclair.

Mr Mendis said there was strong interest in the asset from investors across Australia with the campaign attracting over 160 enquiries and resulting in a sale to a Sydney based investor.

“The successful sale of this high-performing asset underscores the strength and desirability of prime commercial investment properties within the market. These properties continue to see strong demand from investors given the scarcity of blue ribbon investment opportunities, their long term secure income streams, landlord friendly net lease structures and tax depreciation benefits” he added.

One of Australia’s leading developers, Ben Isaac of Isaac Property said, “we have always had strong appetite for the development of premium fast food and convenience retail investments and our Bligh Park/South Windsor Fast Food and Childcare Centre is a great reflection of this.

“Convenience retail continues to outperform other sectors due to its long-term leases and fixed increases underpinned by A grade national retailers.

Fast food and childcare have been incredibly resilient from both a yield perspective and tenant demand as operators continue to trade well despite recent interest rates rises. The fantastic result by Burgess Rawson achieving a 4.98% yield at a price point north of $20 million demonstrates the strength of this asset class“

Constructed in 2020, the property is home to industry giants like Hungry Jack’s, Guzman y Gomez, Oporto, Subway, and high performing early education provider, Kiddiwinks. Generating a net annual income of $1,108,169 and with a WALE of over 13 years, the property provided secure, diversified and growing income streams.

Situated on a landmark 10,676 sqm corner main road freehold with 304m triple street frontage, the property is further enhanced by its strategic position on the major Northern and Richmond Road roundabout intersection. This takes advantage of all major traffic to and from Penrith, Parramatta and Sydney CBD out to the Hawkesbury regions and major towns including Lithgow and Singleton.

The deal follows the recent by sales by Issac Property including the McDonald’s in Unanderra for record setting 3.51% yield, Guzman y Gomez Unanderra for a 4.45% yield and the $34 million sale of De Luca Corporation and Wright Private Capital’s Robina Central anchored by ALDI, Ampol, Guzman y Gomez, Starbucks and MedCentres, located on the Gold Coast in Queensland reflecting a 5% yield, which were all recently sold through Burgess Rawson.

For further information, please contact Burgess Rawson’s representative, Yosh Mendis, Darren Beehag or Geoff Sinclair via the below contact details. 

Isaac Property Developments High-Performing Fast Food and Childcare Investment sold for $22.21 Million - Burgess Rawson