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Investors are anticipated to compete for a rare opportunity to secure a prime Red Rooster-anchored fast food complex centre located on one of the Gold Coast’s busiest intersections.
The Red Rooster Centre Burleigh has been placed on the market for sale via an Expressions of Interest campaign being managed by Savills Peter Tyson, Jon Tyson & Michael Harcourt.
The fully leased complex comprises a diverse and complimentary fast food mix, anchored by a Red Rooster Drive-Thru Restaurant, Subway and Zambrero’s outlets as well as award winning seafood, vegan and sushi traders.
The centre is situated adjacent to the Coles anchored Treetops Plaza centre and features exposure to over 70,000 cars per day on the junction of two major arterial traffic routes.
National Director of Savills Retail Investments Peter Tyson said the property is expected to drive strong interest from investors due to strong underlying fundamentals.
“The Red Rooster Centre Burleigh provides a tremendous opportunity for longer term investors underpinned by an annual income stream of over $470,000, a secure 7 year lease profile and strong embedded real estate value, with a flexible mixed use “Centre” zoning which allows development potential up to 30 metres or 10 stories in height.”
“The Gold Coast has become a key target for investor interest and is now Australia’s sixth largest city.
With a population set to double by 2050, over 12 million tourist visitors annually, the recent Commonwealth Games event and over $13.5 billion in major infrastructure projects, the Gold Coast has come of age,” Peter Tyson said.
Savills Jon Tyson also highlighted the Centres’ is strategic position on the intersection of Burleigh-Connection Road and Broadbeach-Burleigh Road.
“Being only minutes to Burleigh Heads and Robina, the Centre is surrounded by several major traffic generators including the strongly trading Coles-anchored Treetops Plaza, a McDonald’s Drive-Thru and the Gold Coast’s largest Bunnings Warehouse,” John Tyson said.
The Red Rooster Centre Burleigh at 3-5 Classic Way, Burleigh Waters is offered for sale by Expressions of Interest closing on Thursday 21 June 2018.