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Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

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Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

Mentone

Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194
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Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

Mentone

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Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

Properties / Sold / Victoria / Mentone
Tenanted Investment
Selling Method
Expression of Interest
Selling Details
Closing 3pm (AEDT) Wednesday 20 March 2024
Land Area
1,354 m² (*approx)
Floor Area
420 m² (*approx)
Property Type
Retail
Terms
Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options
Est. Income
$185,000 p/a
Fully Leased
Hungry Jack’s
Zone
Commercial 1 Zone
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Rarely Offered Hungry Jack's Investment in Coveted Bayside Location
  • Single-tenanted, freestanding investment
  • Renewed 5-year lease plus options
  • Substantial landholding of 1,354sq m*

Savills Retail Investments are excited to offer for sale a 100% freehold interest in Hungry Jack’s Mentone in what is the first freestanding fast-food investment offered to market in Victoria in 2024.

Key investment highlights:

- Single-tenanted, minimal-management investment leased to Hungry Jack’s (440 stores nationally)

- Recently refurbished dine-in & t/a restaurant with drive-thru facility

- Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options

- Dual street access via Nepean Hwy and Lower Dandenong Rd (77,000* cars daily)

- Significant landholding of 1,354sq m*

- Highly complementary co-location with KFC on integrated site driving customer flow

- Commercial 1 zoning, offering significant scope for future mixed-use development

- Fixed 3.00% annual rent escalations ensuring growth

- Mentone: Thriving inner-bayside suburb of metropolitan Melbourne with median house price of $1,308,000*

*Approx.

For Sale by Expressions of Interest (EOI) closing 3:00pm AEDT on Wednesday 20 March 2024.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

161-163 Nepean Highway Investment Summary

Property Type
Retail
Est. Income
$185,000 p/a
Tenant
Hungry Jack’s
Terms
Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options
Land Area
1,354 m² (*approx)
Floor Area
420 m² (*approx)
Zone
Commercial 1 Zone
Selling Method
Expression of Interest
Selling Details
Closing 3pm (AEDT) Wednesday 20 March 2024

Investment Highlights

Rarely Offered Hungry Jack's Investment in Coveted Bayside Location
  • Single-tenanted, freestanding investment
  • Renewed 5-year lease plus options
  • Substantial landholding of 1,354sq m*

Savills Retail Investments are excited to offer for sale a 100% freehold interest in Hungry Jack’s Mentone in what is the first freestanding fast-food investment offered to market in Victoria in 2024.

Key investment highlights:

- Single-tenanted, minimal-management investment leased to Hungry Jack’s (440 stores nationally)

- Recently refurbished dine-in & t/a restaurant with drive-thru facility

- Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options

- Dual street access via Nepean Hwy and Lower Dandenong Rd (77,000* cars daily)

- Significant landholding of 1,354sq m*

- Highly complementary co-location with KFC on integrated site driving customer flow

- Commercial 1 zoning, offering significant scope for future mixed-use development

- Fixed 3.00% annual rent escalations ensuring growth

- Mentone: Thriving inner-bayside suburb of metropolitan Melbourne with median house price of $1,308,000*

*Approx.

For Sale by Expressions of Interest (EOI) closing 3:00pm AEDT on Wednesday 20 March 2024.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Stephen Bolton
Stephen Bolton
+61 *** *** *** show +61 419 323 997

Download Development Site Report
Stephen Bolton
Stephen Bolton
+61 *** *** *** show +61 419 323 997

Property Location of Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

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Mentone Suburb Report About this data Demographic data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census and reflect conditions at the time of collection.

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Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194

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Hungry Jack's Mentone, 161-163 Nepean Highway, Mentone, VIC, 3194 Mentone
Savills Melbourne
Savills Melbourne
80, Collins Street, Melbourne, Victoria, Australia, 3000
View Agency Profile
Stephen Bolton
Stephen Bolton
+61 *** *** *** show +61 419 323 997
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