2/247-253 Mickleham Road, Westmeadows, Vic 3049

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Retail
|Land/Development
Contact the Savills Retail Specialist Team today
Contact the Savills Retail Specialist Team today
Published on: 11 Aug 2025
Last updated on: 11 Aug 2025
2/247-253 Mickleham Road, Westmeadows, Vic 3049
2/247-253 Mickleham Road, Westmeadows, Vic 3049
2/247-253 Mickleham Road, Westmeadows, Vic 3049
+15
2/247-253 Mickleham Road, Westmeadows, Vic 3049
  • 15
Property ID: 504929564
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Key property information

Land Size
1,326.00 m2
Floor Area
194.00 m2
Tenure Type
tenanted

High Exposure Fast-food Investment with Significant Upside

2/247-253 Mickleham Road, Westmeadows, Vic 3049
Savills Retail Investments, as exclusive agents, are pleased to present for sale Red Rooster Gladstone Park, offered to market for the first time in 31 years.

This minimal management, standalone investment, occupies a high-profile position along busy Mickleham Road and represents a rare opportunity underpinned by strong investment fundamentals and immediate value-add potential.

Key investment highlights include:

•	Secured by a Head Office ‘net’ lease to Red Rooster Foods Pty Ltd
•	Significant rental reversion potential, with current rent well below market (no cap and collar)
•	Longstanding Red Rooster drive-through restaurant with on-site parking for 18 vehicles
•	Lease expiry and market review: 3 October 2026, with 3 further 5-year options
•	Excellent exposure to approximately 25,000 cars passing daily and surrounded by complementary retail and fast-food operators
•	Net Income: $112,073 p.a. (Oct 25’)

*Approximate

For Sale by Expressions of Interest closing Thursday 11 September at 4pm.

For further information please contact:

Rick Silberman - 0432 831 511 
Stephen Bolton - 0419 323 997

Property Details

Basic Info

Property Type
RetailLand/Development
Listing Status
On Market
Land Size
1,326.00 m2
Address
2/247-253 Mickleham Road, Westmeadows, Vic 3049
Rick Silberman
Rick Silberman
Stephen Bolton
Stephen Bolton
Level 29, South Tower, 80 Collins Street, Melbourne, Vic 3000
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Rick Silberman
Rick Silberman
Stephen Bolton
Stephen Bolton
Level 29, South Tower, 80 Collins Street, Melbourne, Vic 3000
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      Property ID: 504929564

      Original Property ID: 504929564
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