Watch Watch
Back
×
Sold Check
+17 Photos
374 Chapel Street, South Yarra, VIC, 3141

2. Property Highlights

New 5 Year Head Office Lease to Zambrero | Rare Chapel Street Fast Food Investment
  • $150k+ Zambrero Upgrades Planned
  • Zambrero pay all usual outgoings
  • 5.88% rent increase 2024, 3% thereafter

Burgess Rawson in conjunction with Sutherland Farrelly are pleased to offer to the market, Zambrero, South Yarra VIC for sale via our Investment Auction Portfolio 161.

The property has the following investment highlights:

+ Brand new Five (5) year head office lease to June 2028 - no option.

+ Zambrero: fast-food giant with 230 locations globally and growing.

+ Proven store, with Zambrero on-site for over 11 years.

+ Zambrero have proposed $150k + in new upgrade works, confirming their long-term interest in the building.

+ Secure, set-and-forget net lease structure with Zambrero responsible for all usual outgoings excluding land tax.

+ Generous rent reviews, with fixed 5.88% increase to $90k in 2024 and 3% annual increases thereafter.

+ 203sqm* two-level building incorporating modern Zambrero restaurant.

+ Prime 227sqm* freehold Chapel Street site, with dual frontage and important on-title parking.

+ Situated in key fast-food precinct, within 40 metres* of McDonalds, KFC and Taco Bell.

+ Directly adjoining Chemist Warehouse, nearby Prahran Market, Jam Factory, Woolworths, Coles, ALDI and Prahran Central.

+ South Yarra: affluent inner-city suburb only 3.7km from Melbourne CBD with $2.2 million median house price.**

+ Net Income: $78,825pa* + GST ($83,825pa* + GST net income as at June 2024)

To be sold by Investment Portfolio Auction:

10:30am AEST

Wednesday 21 June 2023

Crown Casino, Melbourne VIC

*Approx

**Realestate.com.au

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

374 Chapel Street, South Yarra, VIC, 3141

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
374 Chapel Street, South Yarra, VIC, 3141 South Yarra
calculator-icon Yield Calculator
calcultor-icon Yield Calculator