CBRE is pleased to offer to market ‘El Jannah’ located at 597 Dorset Road, Bayswater North VIC for sale via National Investment Portfolio Auction 183.
The property has the following key investment highlights:
+ Ten (10) Year ‘head office’ lease from 1 March 2023 to 28 February 2033 plus Two (2) further Ten (10) Year options to February 2053.
+ El Jannah: highly established fast food brand with 27+ years of experience and 50+ stores nationally and plans to expand to 200+ stores in the coming years.
+ El Jannah was recently acquired for $1b by General Atlantic, a private equity firm established in 28 countries with $123 billion in assets under management(3).
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ Lease secured by Bank Guarantee equal to 3 months' rent + GST.
+ Landlord favourable ‘net lease’ structure with the tenant responsible for all usual outgoings excluding land tax.
+ Well-presented 449 sqm* QSR building recently modernised in 2023 to the latest El Jannah corporate standards and design.
+ Valuable ‘pad site’ with 1,135 sqm* of land and 32 car spaces on title plus advertising pylon to Dorset Road.
+ Prime position at the intersection of major arterials Dorset Road and Canterbury Road with 69,000 combined passing cars daily. (4)
+ Proven location neighbouring KFC, Hungry Jacks, Guzman y Gomez, Shell and EG Ampol.
+ Bayswater North: metropolitan Melbourne suburb 29km* east from Melbourne CBD with median house price of $926,000(1).
+ City of Maroondah: eastern suburbs growth corridor with a population of 119,000 expected to grow 17% by 2046 (2).
+ Net Income: $159,559 pa* + GST
DAVID NAPOLEONE
0417 308 067
JUSTIN KRAMERSH
0460 349 605
NATHAN MUFALE
0421 224354
*Approx
(1) realestate.com.au
(2) abs.gov.au & forecast.id
(3) General Atlantic
(4) Gap Maps
Remember to mention you found this property on CommercialReady
CBRE is pleased to offer to market ‘El Jannah’ located at 597 Dorset Road, Bayswater North VIC for sale via National Investment Portfolio Auction 183.
The property has the following key investment highlights:
+ Ten (10) Year ‘head office’ lease from 1 March 2023 to 28 February 2033 plus Two (2) further Ten (10) Year options to February 2053.
+ El Jannah: highly established fast food brand with 27+ years of experience and 50+ stores nationally and plans to expand to 200+ stores in the coming years.
+ El Jannah was recently acquired for $1b by General Atlantic, a private equity firm established in 28 countries with $123 billion in assets under management(3).
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ Lease secured by Bank Guarantee equal to 3 months' rent + GST.
+ Landlord favourable ‘net lease’ structure with the tenant responsible for all usual outgoings excluding land tax.
+ Well-presented 449 sqm* QSR building recently modernised in 2023 to the latest El Jannah corporate standards and design.
+ Valuable ‘pad site’ with 1,135 sqm* of land and 32 car spaces on title plus advertising pylon to Dorset Road.
+ Prime position at the intersection of major arterials Dorset Road and Canterbury Road with 69,000 combined passing cars daily. (4)
+ Proven location neighbouring KFC, Hungry Jacks, Guzman y Gomez, Shell and EG Ampol.
+ Bayswater North: metropolitan Melbourne suburb 29km* east from Melbourne CBD with median house price of $926,000(1).
+ City of Maroondah: eastern suburbs growth corridor with a population of 119,000 expected to grow 17% by 2046 (2).
+ Net Income: $159,559 pa* + GST
DAVID NAPOLEONE
0417 308 067
JUSTIN KRAMERSH
0460 349 605
NATHAN MUFALE
0421 224354
*Approx
(1) realestate.com.au
(2) abs.gov.au & forecast.id
(3) General Atlantic
(4) Gap Maps
Remember to mention you found this property on CommercialReady
597 Dorset Road Dorset Road, Bayswater North, VIC, 3153
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