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376 Warrigal Road, Heatherton, VIC, 3202

+8 Photos

+10 Photos

SOLD

376 Warrigal Road, Heatherton, VIC, 3202

Properties / Sold / Victoria / Heatherton

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

2,218 m² (*approx)

Floor Area

340 m² (*approx)

Property Type

Retail, Other

Sub-type

Cafe/Restaurant

Terms

New 11 year net lease with 2 x 10 year options with fixed 3% annual rent increases

Est. Income

$186,175 p/a

Fully Leased

Grill’d

Show All

2. Property Highlights

Trophy Fast Food Asset 11 Year Lease Plus Options

Prominent 2,218 sqm* Site
New 11 Year Net Lease
With Fixed 3% Annual Increases

Stonebridge National Investment Sales is pleased to present to the market 376 Warrigal Road, Heatherton for sale via National Portfolio Auction Friday 28th October 2022 at 11am (AEDT).

The asset has the following key investment features:

- New 11 year net lease with 3 x 10 year options with fixed 3% annual rent increases

- Securely leased to Grill’d - Highly established brand with 155+ restaurants nationally

- Newly refurbished store spread over 340 sqm* GLR and with over $1.1 million in capital works

- Prominent 2,218 sqm* high exposure corner site with a Mixed-Used zoning complemented with 32 at grade car spaces

- Located in strong growth corridor with close proximity to commercial amenities of DFO Moorabbin and Southland

- Substantial 101 m* frontage to Warrigal Road, with exposure to more than 29,000 cars passing daily^

- Net Lease - Tenant pays all outgoings excluding Land Tax

*Approximate

^Vicroads

Please contact the exclusively appointed Stonebridge property professionals for more information.

Kevin Tong

0422 848 818

Rorey James

0439 400 081

Nic Hage

0448 782 594

Property Code: 501

Remember to mention you found this property on CommercialReady