One of Queensland’s only freestanding Grill’d assets has sold at auction for $4.2 million.  

Located at 124 Oxford Street, Bulimba, the property was marketed by RWC Retail agents Michael Feltoe and Lachlan O’Keeffe on behalf of a local investor who had owned the property for 30 years. 

The 195sqm property occupies a 339sqm land holding in Bulimba’s coveted Oxford Street precinct, and has been head-office leased to Australian fast food giant Grill’d since 2007. The property was snapped up by a Victorian investor. 

“Grill’d having only three years remaining on its lease term did little to deter interest, because the marketing campaign generated 258 enquiries from all across Australia,”  Mr Feltoe said 

“The vast majority were onshore private investors seeking defensive retail investments leased to national tenants.” 

The sale reflected a yield of 5.43 per cent and a building rate of $21,538/sqm, which Mr O’Keeffe attributed to the continued appetite for fast food investments throughout Australia.

“Despite cost of living pressures, Australia’s fast food industry is thriving, with record-breaking sales,” he said. 

“It’s therefore no surprise the sector has been one of the most sought-after from private investors.

“There has been a limited supply of fast food properties brought to market in Queensland in 2024, which is further fueling demand. 

“Grill’d Bulimba was no different, resulting in spirited bidding from six parties at the auction.”

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