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2091 Frankston - Flinders Road
Hastings VIC 3915
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Sold on 14 Sep 2023

2091 Frankston - Flinders Road Hastings VIC 3915

  • Shop & Retail
  • 308 m²
  • Sold

Affordable Red Rooster with Rare Head Office Net Lease

    Burgess Rawson is pleased to offer to the market Red Rooster located at 2091 Frankston-Flinders Road, Hastings, VIC for sale via our Investment Portfolio Auction 163.

    This opportunity has the following key investment highlights:

    +Seven (7) year 'Head Office' lease to Red Rooster to August 2026 plus options through to 2041.
    +Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
    +Investor preferred net lease structure, with the tenant paying all outgoings as per the lease excluding land tax.
    +Desirable Annual CPI rent reviews.
    +Recent capital intensive tenant funded fit-out, bringing in line with new Red Rooster national branding.
    +Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
    +High exposure 1,798sqm* corner freehold site with drive-thru and 83 metres* of combined frontage to Frankston Flinders Road and Glendale Avenue with exposure to 16,200+ vehicles daily.**
    +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.
    +Strategic highly desirable fast food position adjoining McDonalds and adjacent to KFC and Shell Express.
    +Located 500 metres* from Hastings Station, Kmart, Woolworths, Aldi and Western Port Marina.
    +Hastings: commercial capital of Western Port and key linkage to the Mornington Peninsula, 58km from Melbourne CBD.
    +Net Income: $110,969.59 pa* + GST.

    To be sold via Investment Portfolio Auction 163
    10:30am AEST, Wednesday 13 September 2023
    Crown Casino, Melbourne.

    *Approx
    **GapMaps

    AUCTION

    Auction date and time13/09/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 Sep 2023
    Floor Area308 m²
    Land Area1,798 m²
    ParkingAsk Agent
    Property ID2018708720
    Category
    Last updated  14 Sep 2023
    Map for 2091 Frankston - Flinders Road Hastings VIC 3915
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 Sep 2023
    Floor Area308 m²
    Land Area1,798 m²
    ParkingAsk Agent
    Property ID2018708720
    Category
    Last updated  14 Sep 2023

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Romanor Falconer
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 808
    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304

    More about 2091 Frankston - Flinders Road Hastings VIC 3915

    2091 Frankston - Flinders Road Hastings VIC 3915 is categorized as Shop & Retail Property. It has a floor area of 308 m² and a land area of 1,798 m². The listing ID for this property is 2018708720.

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