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 growth.
+ Landlord-favourable, triple net lease terms 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.
+ Highly sought after 'essential service' asset class.
+ Rent is substantially under market versus other metro comparable stores.
+ Proven 329sqm restaurant plus drive thru with circa $1 million Hungry Jack's funded upgrade in 2016/17.
+ Irreplaceable Hume Highway position directly opposite Campbellfield Plaza including Coles, K-Mart, Officeworks & ALDI.
+ Prime 2,409sqm site with 55 car parks on-title and huge exposure with 61,000 VPD* (2)
+ Strategically located only 300 metres from the Western Ring Road on/off ramp.
+ Campbellfield: 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 172
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
