Preston United and Hungry Jack’s with Long 12 Year WALE

103a Bell Street, Preston VIC

Property Highlights

Landmark 3,781sqm Corner Site
Long 12 Year WALE
Fixed 3% & 3.5% Annual Increases


United Petroleum:
Rare 20 year, triple net lease to United Petroleum to 2036 plus options through to 2056
Landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
Fixed annual compounding 3.5% increases
United Petroleum – One of Australia’s fastest and largest growing independent fuel retailers

Hungry Jack’s:
Secure 15 year lease to Hungry Jack’s to 2028 plus options through to 2048
Fixed annual compounding 3% increases plus turnover provisions
A super performing store with consistent year on year growth enabling landlord to collect turnover rent
Hungry Jack’s – Aggressive growth strategy, 440 restaurants currently and growing Australia wide, serving over 1.7m customers annually

The Property:
Landmark 3,871sqm corner site with 125m* frontage to the major Bell Street and Albert Street intersection with a combined 109,450** vehicles passing daily
Strategically located at the gateway of Melbourne’s inner north shopping precinct
Position perfect with an abundance of leading retailers surrounding including: KFC, Mazda, Nick Scali, JB Hi-FI, Petbarn, Total Tools, Baby Bunting, Officeworks and a proposed $85 Million brand new Bunnings store all within 1km
Preston: 8kms North from the Melbourne CBD, an inner growth suburb with population forecast to grow by 64.6% by 2041***
Blue Chip, pandemic proof, essential service investment

Estimated Combined Net Income: $632,384 pa + GST

To be sold by Investment Portfolio Auction: 
10:30am (AEDT)
Wednesday 15th December 2021
River Room, Crown Casino, Melbourne

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Property Details

Current Tenant
Occupancy Type
Fast Food
Land Size
3,871 SQM
Building Area
550 SQM

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