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504 Pascoe Vale Road
Strathmore VIC 3041
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Savills Melbourne

504 Pascoe Vale Road Strathmore VIC 3041

  • Shop & Retail
  • 4,161 m²
  • For Sale, via EOI closing 2pm (AEST), Wednesday 31 July 2024

Rarely Offered Fast-food Investment on Substantial Landholding

  • Expansive site of 4,161sq m*
  • Highly desirable Mixed-use Zone
  • Securely leased to Red Rooster H/O

Savills Retail Investments are excited to offer for sale Red Rooster Pascoe Vale, an outstanding fast-food investment on substantial landholding offered for the first time in 40 years.

Key investment highlights:
- Drive-thru & dine-in Red Rooster restaurant with onsite car parking for 33 vehicles
- Exceptional value-add potential with confirmed interest from multiple national retailers to co-locate
- Head Office lease, expiring 31 December 2026 plus 1 x 5-year option
- Important Mixed-Use zoning providing significant scope for higher density development
- Excellent transport amenity with Immediate access to M2 Freeway and Pascoe Vale Station
- High exposure corner site with 19,000* vehicles passing daily and combined frontage of 150 metres*
- Rent: $188,359pa* plus GST & outgoings

*Approx.

For Sale by Expressions of Interest (EOI) closing 2:00pm (AEST) Wednesday 31 July 2024.

Property Highlights

Floor Area4,161 m²
Land Area4,161 m²
Parking33 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019337052
Category
Last updated  9 Jul 2024
Map for 504 Pascoe Vale Road Strathmore VIC 3041

Property Highlights

Floor Area4,161 m²
Land Area4,161 m²
Parking33 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019337052
Category
Last updated  9 Jul 2024

Co-Agents

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