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1342-1350 Western Highway
Caroline Springs VIC 3023
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Sold on 28 Feb 2019

1342-1350 Western Highway Caroline Springs VIC 3023

  • Shop & Retail
  • 3,669 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
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold28 Feb 2019
Floor AreaAsk Agent
Land Area3,669 m²
ParkingAsk Agent
Property ID2014909370
Category
Last updated  1 Mar 2019
Map for 1342-1350 Western Highway Caroline Springs VIC 3023

Nearest transport* to 1342-1350 Western Highway Caroline Springs VIC 3023

Bus
Train
Lakeside Reserve/Caroline Springs Bvd (Caroline Springs)120 m
Lakeside Reserve/Caroline Springs Bvd (Caroline Springs)151 m
Caroline Springs Bvd/Chisholm Dr (Burnside)353 m
Caroline Springs Bvd/Chisholm Dr (Burnside)363 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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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold28 Feb 2019
Floor AreaAsk Agent
Land Area3,669 m²
ParkingAsk Agent
Property ID2014909370
Category
Last updated  1 Mar 2019

Listed by

Burgess Rawson VIC Pty Ltd
Call
03 9613 0400

More about 1342-1350 Western Highway Caroline Springs VIC 3023

1342-1350 Western Highway Caroline Springs VIC 3023 is categorized as Shop & Retail Property. It has a land area of 3,669 m². The listing ID for this property is 2014909370.

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