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

NUOVO
Al dettaglio
|Territorio /Sviluppo
Contact the Savills Retail Specialist Team today
Contact the Savills Retail Specialist Team today
Pubblicato su: 11 08 2025
Ultimo aggiornamento il: 11 08 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
Immobiliare ID: 504929564
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Informazioni chiave sulla proprietà

Superficie terreno
1.326,00 m2
Area del pavimento
194,00 m2
Tipo di incarico
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

Dettagli della proprietà

Informazioni di base

Tipologia immobile
Al dettaglioTerritorio /Sviluppo
Stato dell'inserzione
On Market
Superficie terreno
1.326,00 m2
Indirizzo
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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      Immobiliare ID: 504929564

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