Burgess Rawson is pleased to offer to the market Red Rooster located at 154-156 Central Avenue, Altona Meadows (Melbourne), VIC for sale via our Investment Portfolio Auction 163.
This opportunity has the following key investment highlights:
+Ten (10) year net lease to Red Rooster to 2030.
+Two further 5-year options to 2040.
+Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia.
+Investor preferred net lease structure, with the tenant paying all outgoings as per the lease excluding land tax.
+Fixed $5,000 annual rent increases for each year of the first term, then 3% annual rent increases each year thereafter ensuring guaranteed rental growth.
+Long history of on-site tenure with Red Rooster trading on-site for more than 13 years.
+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.
+Modern 197sqm* structure featuring a drive-thru lane and ample on-site parking, accompanied by a recent re-branding capital fit-out, entirely financed by the tenant.
+Strategic 1,405sqm* corner site situated amongst complementary fast food retailers including McDonald's, KFC & Hungry Jack's, all with close to Princes Freeway with 138,000*+ vehicles passing daily.
+Located within metres of Point Cook Road, and with in close proximity to both Coles anchored Central Square Shopping Centre and Stockland Point Cook Shopping Centre underpinned by ALDI, Woolworths, Coles and 147+ speciality retailers.
+Altona Meadows: well-established metro suburb, 17km* from the Melbourne CBD.
+Net Income: $132,150 pa* + GST
For Sale by Investment Portfolio Auction 163
10:30am AEST Wednesday 13 September 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
