A prime fast-food investment in one of Brisbane's most affluent areas is hitting the market for the first time in 30 years.

Located at 124 Oxford Street, Bulimba,  the property is being brought to market by RWC Retail’s Michael Feltoe and Lachlan O’Keeffe on behalf of a local private investor. 

The 339sqm property has been leased to national burger chain Grill’d since 2007. Bulimba remains one of Grill’d top-performing locations in Queensland, leading to an expansion in 2017, making Grill’d the sole tenant.

“This standalone fast-food investment features an iconic national tenant with a proven track record in one of Brisbane’s most coveted retail precincts, ideal for high-net-worth private investors,” Mr Feltoe said. 

The investment boasts landlord-favourable lease terms with a unique inflation hedge through CPI +1 per cent annual rent reviews until 2037, and generating a reliable net income of $227,968 + GST.

Situated on the vibrant Oxford Street in Bulimba, just 2.5 km from the CBD, the area attracts affluent, time-poor demographics that favour discretionary spending on brands like Grill’d.

Mr O’Keeffe said the property was also just 500m from Bulimba Barracks, a major inner-city development set to deliver more than 850 dwellings for 2,000+ new residents. 

"This will be a significant boost for the area,” he said. 

“With the ongoing development in Bulimba, retail investments in this precinct have a bright future, further strengthening customer and tenant demand.”

The property is for sale via auction on Thursday 18th July 2024 at 9:45am