A Sydney-based private investor has paid $9.15 million for a group of four restaurants at Campbelltown, in Sydney.

The sell price reflected a yield of 6.22%.

Burgess Rawson’s Kieran Bourke, Rhys Parker and Darren Beehag brokered the deal.

Located at 1 & 2/4 Rennie Road, the 7,449 square metre gateway investment is occupied by Harry’s Café de Wheels, Big Fat Greek, Lone Star and Oporto at a combined net annual rental of $569,100.

Mr Bourke said the property was in a high growth South West Sydney precinct with a population of more than 177,000 with the location offering exposure to over 37,000 vehicles daily.

“The sales campaign generated over 160 enquires and we had 10+ registered bidders for the auction.”

To request a sales analysis please contact the selling agents Burgess Rawson’s Kieran Bourke, Rhys Parker and Darren Beehag via the below contact details. 

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Campbelltown Restaurant Investment sold at auction $9.15m by Burgess Rawson