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 time	27/02/2019 11:00
Auction location	1342-1350 Western Highway, Caroline Springs VIC

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	28 Feb 2019
Floor Area	Ask Agent
Land Area	3,669 m²
Parking	Ask Agent
Property ID	2014909370
Category	Shop & Retail Development / Land Showrooms / Bulky Goods
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

*Within a 4km radius

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Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	28 Feb 2019
Floor Area	Ask Agent
Land Area	3,669 m²
Parking	Ask Agent
Property ID	2014909370
Category	Shop & Retail Development / Land Showrooms / Bulky Goods
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.