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Burgess Rawson - Melbourne
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Hungry Jack's, 1342-1350 Western Highway Caroline Springs, VIC 3023

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Hungry Jack's, 1342-1350 Western Highway Caroline Springs, VIC 3023

Shop & Retail • Showrooms & Bulky Goods • Development Sites & Land
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Land area

3669.0m²

Floor area

276.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

27 Feb 2019

Rare Metro-Melbourne Hungry Jack's Freehold Investment

  • Heavily Invested Tenant
  • Hungry Jack's Built All Improvements
  • Huge 3,669 sqm Gateway Site

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

Property ID: 503080774Last Updated: 16 Apr 2019

Burgess Rawson - Melbourne
Hungry Jack's, 1342-1350 Western Highway
Caroline Springs, VIC 3023
Raoul Holderhead
Shaun Venables
Billy Holderhead

Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000

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Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Raoul Holderhead

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Raoul Holderhead
Burgess Rawson - Melbourne
Hungry Jack's, 1342-1350 Western Highway Caroline Springs, VIC 3023

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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