Stonebridge Property Group is pleased to announce the sale of Guzman y Gomez Enoggera in Brisbane.
The brand new Guzman y Gomez outlet occupies a 1,746 sqm* corner site only 5.5 km* from the Brisbane CBD, with exposure to 75,757+ vehicles daily. ‘GYG’ committed to a 25 year lease term through to 2050, plus options to 2090.
Following a comprehensive national marketing campaign, the property sold for $7,800,000, achieving a strong yield of 4.36%. This is the highest price ever paid for a Guzman y Gomez leased investment.
Investment received 185 enquiries and nine competitive offers.
The Expressions of Interest process was conducted by Stonebridge’s Michael Collins, Tom Moreland, James Freemantle and Harry Curtain, who fielded over 185 enquiries.
Commenting on the sale, Michael Collins, Partner at Stonebridge, said “Fast food investments are among the most highly sought after assets nationally with this campaign generating nine high value, competitive offers. The result is clear testament to the strength of demand and we’re proud to have set a new Australian record for a Guzman y Gomez leased investment.”
Tom Moreland, Partner at Stonebridge, added “The buyer was attracted to the ASX listed tenant and security of long term tenure on offer, given the genuine set and forget fundamentals of the investment. Our national team continues to receive increased engagement from the high net worth private investors for quality assets such as this – evidenced by Stonebridge’s recently launched YTD market update, whereby our data shows a 58% rise in transaction volumes.”
For more information, please contact the team below:
Michael Collins | +61 404 023 204 | mcollins@stonebridge.com.au
Tom Moreland | +61 408 072 822 | tmoreland@stonebridge.com.au
James Freemantle | +61 421 140 876 | jfreemantle@stonebridge.com.au
Harry Curtain | +61 438 684 800 | hcurtain@stonebridge.com.au
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