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Affordable fast food asset
Rethink Investing’s acquisitions team recently secured this commercial property before it was listed online. The property is an exceptionally rare and affordable fast-food asset in NSW. The investment clears over $38,000 in passive income for the new owner. This is after 100% of the outgoings and 70% of the mortgage costs at the current interest rates!
Note: There is a 10-year lease with 4×3 options taking the final expiry to 2041. This is our client’s first property with Rethink Investing. They were looking for a secure, low-risk investment to help them build a reliable passive income. This deal was perfect for them as it was well under their budget and ticked all the boxes in terms of a long lease, strong rental income growth potential and an established business.
report, bank fees)
Purchasing Costs
Key Highlights
• Building Area: 523m2
• NLA: 523m2
• Long-standing fast food business established in 2004
• Current net rent: $93,000pa net + GST
• Recession-proof asset
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