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
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