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161-163 Nepean Highway
Mentone VIC 3194
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Sold on 25 Mar 2024

161-163 Nepean Highway Mentone VIC 3194

  • Shop & Retail
  • 420 m²
  • Sold

Rarely Offered Hungry Jack's Investment in Coveted Bayside Location

  • Single-tenanted, freestanding investment
  • Renewed 5-year lease plus options
  • Substantial landholding of 1,354sq m*

Savills Retail Investments are excited to offer for sale a 100% freehold interest in Hungry Jack's Mentone in what is the first freestanding fast-food investment offered to market in Victoria in 2024.

Key investment highlights:
- Single-tenanted, minimal-management investment leased to Hungry Jack's (440 stores nationally)
- Recently refurbished dine-in & t/a restaurant with drive-thru facility
- Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options
- Dual street access via Nepean Hwy and Lower Dandenong Rd (77,000* cars daily)
- Significant landholding of 1,354sq m*
- Highly complementary co-location with KFC on integrated site driving customer flow
- Commercial 1 zoning, offering significant scope for future mixed-use development
- Fixed 3.00% annual rent escalations ensuring growth
- Mentone: Thriving inner-bayside suburb of metropolitan Melbourne with median house price of $1,308,000*

*Approx.

For Sale by Expressions of Interest (EOI) closing 3:00pm AEDT on Wednesday 20 March 2024.

Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold25 Mar 2024
Floor Area420 m²
Land Area1,354 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2019063481
Category
Last updated  25 Mar 2024
Map for 161-163 Nepean Highway Mentone VIC 3194

Nearest transport* to 161-163 Nepean Highway Mentone VIC 3194

Bus
Train
Tram
Ferry
Thrift Park Shopping Centre/Lower Dandenong Rd (Mentone)105 m
Thrift Park Shopping Centre/Lower Dandenong Rd (Mentone)111 m
Olive Gr/Lower Dandenong Rd (Mentone)340 m
Blackwood Ave/Lower Dandenong Rd (Mentone)409 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold25 Mar 2024
Floor Area420 m²
Land Area1,354 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2019063481
Category
Last updated  25 Mar 2024

Co-Agents

More about 161-163 Nepean Highway Mentone VIC 3194

161-163 Nepean Highway Mentone VIC 3194 is categorized as Shop & Retail Property. It has a floor area of 420 m² and a land area of 1,354 m². The listing ID for this property is 2019063481.

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