An offshore personal investor represented by Costello Group has bought the Taco Bell and Yiros Store funding in Beenleigh for $6 million, as quick-service restaurant (QSR) investments stay one of the crucial extremely wanted sectors for traders.
Situated at 149 George Avenue, the QSR funding was developed in 2020 by Enhanced Property Investments and is secured by a 10-year lease to every tenant, with choices out to 2047 and 2050.
CBRE’s Harrison Coburn and Nick Kennedy managed the sale which fielded 122 direct enquiries from native, interstate and worldwide traders with eight formal aggressive affords offered on the shut of the marketing campaign. The sale value displays a yield of 5.51%.
This transaction follows the current sale of the adjoining Hungry Jack’s funding, which modified arms for $5,120,000 representing a 4.68% yield.
“The pricing and yields achieved on this present surroundings replicate the depth of capital we’re seeing available in the market, extra noticeably the uptick of teams reviewing alternatives based mostly offshore, which is making up over 30% of the whole lively purchaser pool,” Mr Coburn stated.
“The demand for QSR investments continues to stay extremely sought-after in Queensland, which is clear by means of the constant sale outcomes being achieved, coupled with the constrained provide of future developments given the risky development trade.”
