Skip to main content
SearchBack to results
Sold on 27 Feb 2019

1342-1350 Western Highway Caroline Springs VIC 3023

  • Shop & Retail
  • 276 m²
  • Sold

Rare Metro-Melbourne Hungry Jack's Freehold Investment

    Renewed, net Lease to 2023 plus options.
    Heavily invested tenant on landlord-friendly ground lease structure.
    Strategic 3,669 sqm gateway site with 42 on-site car spaces.
    Modern drive-thru restaurant developed by Hungry Jack’s at its cost in 2003.
    Tenant responsible for rates, insurance, repairs, replacement of plant/equipment and structural works.
    Hungry Jack’s Pty Ltd: Blue-Chip tenant, wholly owned subsidiary of Competitive Foods, Australia’s largest independent fast food retailer with 2018 revenue $1.4 billion (IBISWorld) and over 400 restaurants across Australia.
    Extremely rare metropolitan-Melbourne offering (most recent drive-thru fast food on-market freehold sale in suburban Melbourne was in December 2016).
    Caroline Springs: 21km to Melbourne CBD, major activity centre in the City of Melton, projected 195% population growth by 2051 (forecast.id).
    Net Rent: $120,101 pa (projected 23 May 2019).

    Auction 11am AEDT Wednesday 27 February 2019
    River Room, Crown Casino, Melbourne

    AUCTION

    Auction date and time27/02/2019 11:00
    Auction location1342-1350 Western Highway, Caroline Springs VIC
    Raoul Holderhead
    Burgess Rawson & Associates
    Raoul Holderhead
    Burgess Rawson & Associates

    Property Highlights

    Property ID2014909370
    Date Sold27 Feb 2019
    Floor Area276 m²
    Land Area3,669 m²
    ParkingAsk Agent
    Category
    Last updated  1 Mar 2019
    Map for 1342-1350 Western Highway Caroline Springs VIC 3023
    Map for 1342-1350 Western Highway Caroline Springs VIC 30231342-1350 Western Highway Caroline Springs VIC 3023
    Raoul Holderhead
    Burgess Rawson & Associates
    Raoul Holderhead
    Burgess Rawson & Associates

    Property Highlights

    Property ID2014909370
    Date Sold27 Feb 2019
    Floor Area276 m²
    Land Area3,669 m²
    ParkingAsk Agent
    Category
    Last updated  1 Mar 2019
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000
    Raoul Holderhead
    Burgess Rawson & Associates
    Raoul Holderhead
    Burgess Rawson & Associates
    Raoul Holderhead

    Raoul Holderhead

    Burgess Rawson & Associates

    +61 *** ***
    +61 0413860304

    More Shop & Retail for Sale in Caroline Springs VIC

    1107 Western Highway Caroline Springs VIC 3023
    Sold
    1107 western highway,caroline springs, VIC 3023
    2,091 m²
    Shop & Retail
    224-226 & 228-232 Caroline Springs Boulevard Caroline Springs VIC 3023
    Sold
    224-226 & 228-232 caroline springs boulevard,caroline springs, VIC 3023
    1,454 m²
    Shop & Retail
    Chemist Warehouse 1334-1340 Western Highway Caroline Springs VIC 3023
    Sold
    chemist warehouse 1334-1340 western highway,caroline springs, VIC 3023
    698 m²
    Shop & Retail
    Call
    +61 0413860304
    Email