Burgess Rawson and Domain Commercial Real Estate are pleased to offer to the market 1443 Sydney Road, Campbellfield VIC for sale via Portfolio Auction 173.
Investment highlights include:
+ Fifteen (15) year head office lease to October 2031
+ Fifteen (15) year option to 2046.
+ Hungry Jack's: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with annual revenue of $2 billion, up 12% from 2022.(1)
+ Fixed 3.5% annual rent increases plus 5% increase at option - assuring rental growth.
+ Landlord-favourable, triple net lease with Hungry Jack's responsible for rates, building insurance, public liability insurance and land tax.
+ Hungry Jack's also responsible for all structural maintenance and repairs as per lease.
+ Rent is substantially under market versus other comparable metro fast food stores.
+ Modern 329sqm restaurant plus busy dual drive thru - circa $1 million+ Hungry Jack's funded upgrade in 2017.
+ Central within proven fast food hub between Red Rooster and new El Jannah, with McDonalds located opposite
+ Irreplaceable Hume Highway position directly opposite Campbellfield Plaza including Coles, K-Mart, Officeworks & ALDI.
+ Prime 2,409sqm freehold site with 45 on site car parks and exposure with 61,000 vehicles passing daily* (2)
+ Strategic position only 300 metres from the Western Ring Road on/off ramp.
+ Campbellfield: one of Melbourne's most important industrial and logistics hub, situated only 14km north of the CBD.
+ Income: $239,659 pa* + GST
To be sold by Portfolio Investment Auction Number 173
to be held at 10.30am (AEDT) Wednesday, 11 December 2024
at Crown Casino, Melbourne
Contract the exclusively appointed agents for further information.
Burgess Rawson
Raoul Holderhead 0413 860 304
Beau Coulter 0413 839 898
Matthew Wright 0458 290 588
Domain Commercial Real Estate
Dean Fornaro 0432 505 060
References:
* approx
1 Competitive Foods Australia
2 Gap Maps
