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SOLD

Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

Properties / Sold / Victoria / Mentone

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Closing 3pm (AEDT) Wednesday 20 March 2024

Land Area

1,354 m² (*approx)

Floor Area

420 m² (*approx)

Property Type

Retail

Terms

Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options

Est. Income

$185,000 p/a

Fully Leased

Hungry Jack’s

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2. Property Highlights

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.

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Retail

Est. Income

$185,000 p/a

Tenant

Hungry Jack’s

Terms

Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options

Land Area

1,354 m² (*approx)

Floor Area

420 m² (*approx)

Selling Method

Expression of Interest

Selling Details

Closing 3pm (AEDT) Wednesday 20 March 2024

2. Property Highlights

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*

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.

Remember to mention you found this property on CommercialReady

Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194 Mentone

Savills Melbourne

80, Collins Street, Melbourne, Victoria, Australia, 3000

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Stephen Bolton

+61 *** *** *** show +61 419 323 997

Rick Silberman

+61 *** *** *** show +61 432 831 511

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194