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2091 Frankston - Flinders Road, Hastings, VIC, 3915
Hastings
Burgess Rawson is pleased to offer to the market Red Rooster located at 2091 Frankston-Flinders Road, Hastings, VIC for sale via our Investment Portfolio Auction 163.
This opportunity has the following key investment highlights:
+Seven (7) year ‘Head Office’ lease to Red Rooster to August 2026 plus options through to 2041.
+Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
+Investor preferred net lease structure, with the tenant paying all outgoings as per the lease excluding land tax.
+Desirable Annual CPI rent reviews.
+Recent capital intensive tenant funded fit-out, bringing in line with new Red Rooster national branding.
+Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
+High exposure 1,798sqm* corner freehold site with drive-thru and 83 metres* of combined frontage to Frankston Flinders Road and Glendale Avenue with exposure to 16,200+ vehicles daily.**
+Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.
+Strategic highly desirable fast food position adjoining McDonalds and adjacent to KFC and Shell Express.
+Located 500 metres* from Hastings Station, Kmart, Woolworths, Aldi and Western Port Marina.
+Hastings: commercial capital of Western Port and key linkage to the Mornington Peninsula, 58km from Melbourne CBD.
+Net Income: $110,969.59 pa* + GST.
To be sold via Investment Portfolio Auction 163
10:30am AEST, Wednesday 13 September 2023
Crown Casino, Melbourne.
*Approx
**GapMaps
Remember to mention you found this property on CommercialReady
Burgess Rawson is pleased to offer to the market Red Rooster located at 2091 Frankston-Flinders Road, Hastings, VIC for sale via our Investment Portfolio Auction 163.
This opportunity has the following key investment highlights:
+Seven (7) year ‘Head Office’ lease to Red Rooster to August 2026 plus options through to 2041.
+Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
+Investor preferred net lease structure, with the tenant paying all outgoings as per the lease excluding land tax.
+Desirable Annual CPI rent reviews.
+Recent capital intensive tenant funded fit-out, bringing in line with new Red Rooster national branding.
+Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
+High exposure 1,798sqm* corner freehold site with drive-thru and 83 metres* of combined frontage to Frankston Flinders Road and Glendale Avenue with exposure to 16,200+ vehicles daily.**
+Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.
+Strategic highly desirable fast food position adjoining McDonalds and adjacent to KFC and Shell Express.
+Located 500 metres* from Hastings Station, Kmart, Woolworths, Aldi and Western Port Marina.
+Hastings: commercial capital of Western Port and key linkage to the Mornington Peninsula, 58km from Melbourne CBD.
+Net Income: $110,969.59 pa* + GST.
To be sold via Investment Portfolio Auction 163
10:30am AEST, Wednesday 13 September 2023
Crown Casino, Melbourne.
*Approx
**GapMaps
Remember to mention you found this property on CommercialReady
2091 Frankston - Flinders Road, Hastings, VIC, 3915
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
