SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Rare Metro-Melbourne Hungry Jack’s Freehold Investment

1342-1350 Western Highway, Caroline Springs VIC

Property Highlights

Heavily Invested Tenant

Hungry Jack's Built All Improvements

Huge 3,669 sqm Gateway Site

Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
3,669 SQM
Gross Building Area
276 SQM

Contact Agents

Raoul Holderhead

+610 413 860304

Billy Holderhead

0422 817 696

Shaun Venables

0411 860 865

Request Information

Stay up to date with our latest portfolio auctions & insights