Contact Michael Milne at CBRE on 0403 466 603 for further details regarding this high yielding investment is leased to Chicken Treat.
The property is situated directly opposite the South Hedland Shopping Centre and located in the heart of the South Hedland Town Centre Development Plan precinct.
Chicken Treat is part of QSR Holdings national retail group that operates Oporto, Chicken Treat & Red Rooster. This investment is subject of a head company lease, not just the local franchisee.
The net rent of $115,204.14 PA + GST is set to increase by CPI effective from 1st January 2015 providing circa 8% net return.
Terms have just been agreed with Chicken Treat to renew for a further term of 5 years until 31st December 2023 plus a further 3 x 5 years options added to the lease.
As part of the renewal negotiations Chicken Treat is progressing with a major refurbishment of the store in accordance with the attached scope of works.
This investment is offered for sale at $1.45m (Going Concern - no GST).
If interested, I would be pleased to discuss and assist further.
Investment Summary:
Freestanding retail investment opposite major shopping centre.
New lease terms agreed until end 2023 plus 3 x 5 year options.
Tenant perform major refurbishment as part of the renewal.
Net rental $115,204.14PA (approx).
The size of South Hedland is approximately 22.8 square kilometres. There are 8 parks, covering nearly 5.3% of the total area. The population of South Hedland in 2016 was 9471 people. By 2021 the population was 11046 showing a population growth of 16.6% in the area during that time. The predominant age group in South Hedland is 30-39 years. Households in South Hedland are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Hedland work in a trades occupation.In 2021, 25.80% of the homes in South Hedland were owner-occupied compared with 16.80% in 2016.
South Hedland has 5,305 properties. Over the last 5 years, Houses in South Hedland have seen a 71.14% increase in median value, while Units have seen a 83.06% increase. As at 31 August 2026:
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