Sold
Rarely Offered Hungry Jack's Investment in Coveted Bayside Location
161-163 Nepean Highway, Mentone VIC 3194
Last Asking Price - $2,000,000-$4,000,000
RetailSize: n/a
Block size: 1354 m² approx.
Savills Retail Investments are excited to offer for sale a 100% freehold interest in Hungry Jack's Mentone in what is the first freestanding fast-food investment offered to market in Victoria in 2024.
Key investment highlights:
- Single-tenanted, minimal-management investment leased to Hungry Jack's (440 stores nationally)
- Recently refurbished dine-in & t/a restaurant with drive-thru facility
- Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options
- Dual street access via Nepean Hwy and Lower Dandenong Rd (77,000* cars daily)
- Significant landholding of 1,354sq m*
- Highly complementary co-location with KFC on integrated site driving customer flow
- Commercial 1 zoning, offering significant scope for future mixed-use development
- Fixed 3.00% annual rent escalations ensuring growth
- Mentone: Thriving inner-bayside suburb of metropolitan Melbourne with median house price of $1,308,000*
*Approx.
For Sale by Expressions of Interest (EOI) closing 3:00pm AEDT on Wednesday 20 March 2024.
Key investment highlights:
- Single-tenanted, minimal-management investment leased to Hungry Jack's (440 stores nationally)
- Recently refurbished dine-in & t/a restaurant with drive-thru facility
- Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options
- Dual street access via Nepean Hwy and Lower Dandenong Rd (77,000* cars daily)
- Significant landholding of 1,354sq m*
- Highly complementary co-location with KFC on integrated site driving customer flow
- Commercial 1 zoning, offering significant scope for future mixed-use development
- Fixed 3.00% annual rent escalations ensuring growth
- Mentone: Thriving inner-bayside suburb of metropolitan Melbourne with median house price of $1,308,000*
*Approx.
For Sale by Expressions of Interest (EOI) closing 3:00pm AEDT on Wednesday 20 March 2024.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Rick Silberman to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
1354 m²*
Other Details
Plan:
CP151754
Legal description:
CP151754
Maps and area information
Block information
Block size: 1354m² (approx)
Legal description: CP151754
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
26 Mar 2024
Sold
Savills Melbourne
Listed: 20/02/2024
Block size: 1354m²
Transfer type: Full transfer
Mentone suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
44 years
Population
13,197
Listing ID: 182311806. This listing has been viewed 2 times. It was first displayed on 20/02/2024 and last updated on 26/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.