Fast Food
Metro
Stonebridge
Sold
G&G Wardell
340 Wardell Street, Enoggera, QLD 4051
Property Description
G&G Wardell is a Fast Food asset located in Enoggera, QLD that was sold for $7,800,000 on 02 May 2025, with the transaction facilitated by Stonebridge. The property comprises 264 m² of building area, equating to $29,545 per square metre and is situated on a 1,746 m² landholding at a rate of $4,467 per square metre. The property was leased to Guzman & Gomez and generated an estimated net income of $340,000 and offered a WALE of 23.9 years, with further options extending the lease profile by an additional 4 x 10 years. The investment reflected a reported yield of 4.36% at the point of transaction.
Key Metrics
Sale Price
$7,800,000
02 May 2025
Yield
4.36%
Net Income $340,000
Land
1,746 m²
$4,467/m²
Building
264 m²
$29,545/m²
Tenancy
Single Tenant
Parks —
Parking
—
Rate —
Address & Location
| Full Address | 340 Wardell Street, Enoggera, QLD 4051 |
|---|---|
| Suburb | Enoggera |
| State / Postcode | QLD 4051 |
| Metro / Regional | Metro |
| Property ID | MBzQ4Au |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $7,800,000 |
|---|---|
| Sale Date | 02 May 2025 |
| Net Income | $340,000 |
| Yield | 4.36% |
| Land Area | 1,746 m² |
|---|---|
| Land Rate | $4,467/m² |
| Building Area | 264 m² |
| Building Rate | $29,545/m² |
Lease & WALE
| Rent Start | 01 Feb 2025 |
|---|---|
| Rent End | 28 Jan 2050 |
| Term (input) | 25 |
| WALE | 23.93 yrs |
| Rent Reviews | Fixed 3% |
|---|---|
| Options | 4 x 10 |
| Lease Confirmed | |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Harry Courtain
Stonebridge
James Freemantle
Stonebridge
Michael Collins
Stonebridge