Iconic Ivanhoe Freehold Investment | 15-Year Net Lease | National Tenant | ~6% Returns
Stonebridge Property Group, in conjunction with Gross Waddell ICR and under instructions from Advise Transact, is pleased to present for sale El Jannah Ivanhoe, located at 173–177 Upper Heidelberg Road, Ivanhoe.
Key highlights of the opportunity include:
15-year net lease to fast-food powerhouse El Jannah, with fixed annual increases
El Jannah - one of Australia’s largest quick-service restaurant brands with 65+ stores nationally, renowned for its legendary Lebanese-style charcoal chicken
Backed by global investment firm General Atlantic, which acquired a controlling stake in El Jannah in 2025 that valued the business at ~$1 billion
General Atlantic manages $114 billion* in assets and has an extensive portfolio of leading international consumer and hospitality investments, including over $2.1 billion* in international hospitality and entertainment interests
Significant 540 sqm* Commercial 1 Zoned landholding featuring 7 on-title car parks, rear access, and future development potential (STCA)
Extensively renovated 429 sqm* building, anchored by a brand-new, ultra-modern El Jannah restaurant and state of the art QSR fit out
Commanding triple-fronted freehold, with an impressive 17.7 m* frontage to Ivanhoe’s thriving retail and dining precinct
Key Financial Information:
- Providing combined annual income of $344,000 + GST + Outgoings*
- Take comfort in a stamp duty exempt purchase!
Key Catchment Information:
- Affluent Demographic: AAA+ position within the centre of Ivanhoe, where the $1.8 million* median house price sits 89% above the Melbourne median^
- Strategic Catchment: 46% of Ivanhoe residents comprise ‘couples with children’ – A key target market for El Jannah’s service offering
- Set Amongst Public/Private Amenity: 317 m* from Ivanhoe Girls Grammar School, 260 m* from Ivanhoe Library & Town Hall, 1.7 km* from the major The Austin Hospital & Medical Precinct
- Density Driving Retail Demand: Upper Heidelberg Road (the retail backbone of Ivanhoe) includes major developments of up to 12 levels – recent & planned developments along the coveted precinct totalling 550+ apartments
- Ultra Accessible: Just 220 m* from Ivanhoe Station, which services more than 617,600 passengers annually* and provides direct access to Melbourne’s CBD (8 km*)
El Jannah Ivanhoe is for sale via Public On-site Auction Friday 18th September 2026 at 12:30pm (AEST).
To obtain further information or to arrange an inspection, please contact the selling agents below.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Ian Lam 林煒峻
国语 / 粤语咨询
0485 693 699
WeChat ID: Ianlam2001
Andrew Greenway
0409 547 626
Alex Ham
0410 545 226
Glenn Ye 叶格林
0400 880 388
*Approximately
^REIV
Our Ref: Strip Retail, National Portfolio
Our ID: a0TOd00000pgtduMAA
Stonebridge’s Strip Retail Investments team is a market leader, with over 30 years of combined experience specialising in the divestment of metropolitan Melbourne strip retail assets.
Property Code: 1801
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