CBRE is pleased to offer to the market the Staple Pizza, located at 44 Steen Avenue, Wollert VIC 3750, for sale via Investment Portfolio Auction.

This opportunity has the following key investment highlights:

+ Five (5) Year Lease through to 2028 plus four (4) further five (5) year options through to 2048.
+ Staple Pizza: highly rated pizza restaurant with dine-in, takeaway and delivery options.
+ Landlord-favourable fixed 3% annual rent increases, ensuring reliable rental growth throughout the term.
+ Attractive net lease structure with tenant responsible for usual outgoings.
+ Strong security with three (3) months’ Bank Guarantee plus personal guarantee to the performance of the lease.
+ Recent construction, offering income tax-saving depreciation benefits for investors.
+ Part of the same Steen Avenue development as IGA Local Grocer and bottle shop, positioning the asset within a growing neighbourhood convenience and dining precinct.
+ Surrounded by important social infrastructure including 6 schools servicing a combined 4,630 full-time students.
+ Wollert: a high-growth northern Melbourne corridor experiencing rapid residential expansion with significant infrastructure investment and population growth.
+ City of Whittlesea: One of Victoria’s fastest growing municipalities, underpinned by sustained demand for food, beverage and essential retail services.
+ Net Income: $25,644 pa* + GST

For Sale by Investment Portfolio Auction
10:30 am AEST Wednesday 13 May 2026
Garden Room, Crown Casino Melbourne