2/247-253 Mickleham Road,
Westmeadows, VIC 3049
Shops & Retail • Development Sites & Land
Key property information
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Savills - Melbourne
Level 29, South Tower, 80 Collins StreetMELBOURNE, VIC 3000
04193239...
2/247-253 Mickleham Road
Westmeadows, VIC 3049
Map of 2/247-253 Mickleham Road
High Exposure Fast-food Investment with Significant Upside
- Substantial Rent Reversion Potential
- Rarely offered QSR/Fast-food opportunity
- Secured by a Head Office Lease
SOLD
Savills Retail Investments, as exclusive agents, are pleased to present for sale Red Rooster Gladstone Park, offered to market for the first time in 31 years.
This minimal management, standalone investment, occupies a high-profile position along busy Mickleham Road and represents a rare opportunity underpinned by strong investment fundamentals and immediate value-add potential.
Key investment highlights include:
• Secured by a Head Office ‘net’ lease to Red Rooster Foods Pty Ltd
• Significant rental reversion potential, with current rent well below market (no cap and collar)
• Longstanding Red Rooster drive-through restaurant with on-site parking for 18 vehicles
• Lease expiry and market review: 3 October 2026, with 3 further 5-year options
• Excellent exposure to approximately 25,000 cars passing daily and surrounded by complementary retail and fast-food operators
• Net Income: $112,073 p.a. (Oct 25’)
*Approximate
For further information please contact:
Rick Silberman - 0432 831 511
Stephen Bolton - 0419 323 9...
Savills Retail Investments, as exclusive agents, are pleased to present for sale Red Rooster Gladstone Park, offered to market for the first time in 31 years.
This minimal management, standalone investment, occupies a high-profile position along busy Mickleham Road and represents a rare opportunity underpinned by strong investment fundamentals and immediate value-add potential.
Key investment highlights include:
• Secured by a Head Office ‘net’ lease to Red Rooster Foods Pty Ltd
• Significant rental reversion potential, with current rent well below market (no cap and collar)
• Longstanding Red Rooster drive-through restaurant with on-site parking for 18 vehicles
• Lease expiry and market review: 3 October 2026, with 3 further 5-year options
• Excellent exposure to approximately 25,000 cars passing daily and surrounded by complementary retail and fast-food operators
• Net Income: $112,073 p.a. (Oct 25’)
*Approximate
For further information please contact:
Rick Silberman - 0432 831 511
Stephen Bolton - 0419 323 9...
Westmeadows, 3049 demographic data
The median household income for Westmeadows is $1,564, 18% lower than Greater Melbourne's household income of $1,901. Westmeadows has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 53% of property owners in Westmeadows have a mortgage.
6,502
Population
$1,564 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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