El Jannah, 930 Burwood Highway, Ferntree Gully, VIC 3156

Retail

For Sale Contact Agent

  • Property ID: 450348
  • Floor Area: 186m²
  • Land Area: 1600m²
  • Occupancy: Vacant
Brand New Drive-Thru Fast Food Investment – Tenant Pays Land Tax

Stonebridge is pleased to present El Jannah Ferntree Gully (Melbourne) for sale via Expressions of Interest closing Friday 6th December 2024 at 1pm (AEDT).

- 100% leased to El Jannah on a brand new 15 year net lease to 2039 with 4% annual increases plus a further 15 year option to 2054

- El Jannah – an Australian-owned fast food restaurant with 20+ years of successful trading history and 30+ locations nationally

- Prominent 1,600 sqm* corner site improved by a brand new fast food outlet with drive-thru and 12 on title car parks

- Highly exposed landholding with 90m* of corner frontage to Burwood Highway (48,000*+ passing vehicles daily)

- Strategic Burwood Highway location between two prominent LFR precincts and 650m* from the Mountain Gate Shopping Centre

- Newly built in September 2024 offering outstanding tax depreciation benefits and minimal CAPEX requirements

- Providing annual net income of $295,000 pa* + GST (tenants pays land tax)

To obtain further information, or arrange an inspection please contact the exclusive selling agents, Stonebridge Property Group.

Rorey James
0439 400 081

Kevin Tong ???
0422 848 818

Nic Hage
0448 782 594

*Approximately

Property Code: 1138

Ferntree Gully Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $243 ---
Industrial $2250 $189 8.41%
Offices --- $228 ---
This is the average advertised price, rent and yield for Ferntree Gully, VIC 3156*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Stonebridge Property Group

 

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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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