Brand New 10 Year Head Office Lease to Oporto | Inner Metro Investment Within Hospitality Mecca

99-101 Lygon Street , Carlton VIC

Property Highlights

10 Year Head Office Lease
Investor Preferred Net Lease Terms
Inner Metro Melbourne Location
Register to Bid


Burgess Rawson is pleased to offer to market ‘Oporto’ located at 99-101 Lygon Street, Carlton VIC, for sale via Auction Investment Portfolio 165.

The property has the following key investment highlights:

+ Ten (10) year net lease to Oporto to 2033.
+ Four (4) further 5-year options to 2053.
+ Oporto: National fast-food operator, part of Craveable Brands operating 580+ restaurants including Oporto, Red Rooster & Chicken Treat, owned by Private Equity giant, PAG Asia Capital.
+ Investor preferred net lease terms, with the tenant responsible for all usual outgoings as per the lease (excluding land tax).
+ Fixed 3% annual rent increases, ensuring compounding income growth.
+ Prime 267sqm* refurbished retail building positioned within Melbourne’s sought-after University & Hospital Precinct – 94,000+ residential dwellings and home to more than 300,000 university students.***
+ Located within one of Australia’s top-ranked pockets for meal delivery services, with 40% of residents using services such as UberEATS, Menulog & Deliveroo to order food.**
+ Positioned to benefit from well publicised international student influx, expected to reach record levels in 2023/2024.
+ Fast Food Investments: Proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.**
+ Surrounded by new development projects with $1 billion worth of new infrastructure being built in the Carlton Precinct, ensuring further activity and growth.
+ Carlton: diverse and vibrant inner metropolitan Melbourne pocket and home to the famous Lygon Street precinct, the birthplace of Melbourne’s world-famous café culture.
+ Net Income: $140,000* pa + GST and Outgoings

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne

** Roy Morgan Research
*** City of Melbourne

Property Details

Current Tenant
Occupancy Type
Land Size
267 SQM
Building Area
267 SQM

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