New building set to fetch millions
A newly-built building containing a 7-Eleven service station and McDonald’s drive-through restaurant west of Toowoomba has hit the market, with the property tipped to sell for upwards of $8 million.
Burgess Rawson listed the massive 4000 sqm property on Main Street in Westbrook this week, just two months after the McDonald’s was opened to the public.
It was built by local developer Hallmark Property, who also sources the top national tenants.
Burgess Rawson selling agent Doug Doyle said the quality and recency of the construction would attract investors from across Australia.
“There’s not another service station within 5km, so it’s capturing all the traffic along the Gore Highway,” he said.
“They are absolutely tier-one tenants, McDonald’s being Australia’s number one fast food restaurant and 7-Eleven is our number one convenience retailer.
“Owning a freehold investment leased to McDonald’s is extremely rare, as they like to own most of their sites normally.”
Mr Doyle said the property was also a tax incentive to a potential buyer, given how new the building was.
Westbrook is one of the greater Toowoomba area’s fast growing suburbs, with more than 4000 residents already living there.
There are also plans for a new Catholic high school to capture the existing and future demand for education services.
The property will be auctioned off on September 23 in Melbourne’s Portfolio Auction 139.