Rare Metro-Melbourne Hungry Jack’s Freehold Investment

1342-1350 western highway, caroline springs vic

Price on Request

  • Heavily Invested Tenant
  • Hungry Jack's Built All Improvements
  • Huge 3,669 sqm Gateway Site

Property Details

Renewed, net Lease to 2023 plus options.
Heavily invested tenant on landlord-friendly ground lease structure.
Strategic 3,669 sqm gateway site with 42 on-site car spaces.
Modern drive-thru restaurant developed by Hungry Jack’s at its cost in 2003.
Tenant responsible for rates, insurance, repairs, replacement of plant/equipment and structural works.
Hungry Jack’s Pty Ltd: Blue-Chip tenant, wholly owned subsidiary of Competitive Foods, Australia’s largest independent fast food retailer with 2018 revenue $1.4 billion (IBISWorld) and over 400 restaurants across Australia.
Extremely rare metropolitan-Melbourne offering (most recent drive-thru fast food on-market freehold sale in suburban Melbourne was in December 2016).
Caroline Springs: 21km to Melbourne CBD, major activity centre in the City of Melton, projected 195% population growth by 2051 (forecast.id).
Net Rent: $120,101 pa (projected 23 May 2019).

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 276 sqm
Land Size 3,669 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002650

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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