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2091 Frankston - Flinders Road, Hastings, VIC, 3915

2. Property Highlights

Affordable Red Rooster with Rare Head Office Net Lease
  • Craveable Brands 560+ Restaurants
  • 1,798sqm Freehold Corner Site
  • Attractive CPI Annual Reviews

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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3. Property Location

2091 Frankston - Flinders Road, Hastings, VIC, 3915

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4. Due Diligence

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