426
WARRIGAL ROAD, ASHBURTON Corner High Street Road
BUY ME.
I’m a secure investm opportunity offering a bucket of returns.
ment a full
Let me introduce myself.
YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY.
Rodney King
Jeremy Gruzewski
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
426
WARRIGAL ROAD, ASHBURTON Corner High Street Road
This exceptional freestanding investment has a head lease to KFC (who have sublet part of the property to Lickt Ice Cream) and is in a prime inner city location with a long term tenant on a renewed lease expiring 2033. Opportunities such as this are truly unique and rarely offered to the open market, especially when you consider the strategic and highly desirable suburban Melbourne corner location.
ANNUAL RENTAL INCOME
BUY ME
$214,656* pa (as of 25th January 2024)
For Sale by Expression of Interest closing Friday 8th December at 2pm
LAND AREA
ZONING
2,440sqm
*
General Residential Zone
(GRZ-5)
CAR SPACES
TERMS OF SALE
29
10% Deposit with the balance payable in 30/60 days.
Located within one of Australia’s most affluent catchments.
It’s no secret - I’m a globally recognised brand. KFC was founded in Corbin, Kentucky, by Colonel Harland D. Sanders, an early developer of the quick service food business and a pioneer of the restaurant franchise concept. The Colonel perfected his secret blend of 11 herbs and spices for Kentucky Fried Chicken in 1939 and signed up his first franchisee in 1952. Since then, KFC has evolved into a global fast-food giant which, in the past year, has expanded its footprint to over 27,000 restaurants by opening nearly 2,500 new stores around the globe and entering 100 new markets. KFC Australia is one of the most recognised brands in the country, boasting a rich history of success in Australia, dating back to 1968. Since opening its first restaurant in Guildford 52 years ago, the quick service restaurant (QSR) has grown from 25 employees to more than 40,000 employees across the country.
TENANT
RENTAL PA
Kayvier Pty Ltd Trading As KFC
(as of 25/1/24)
$214,656
LEASE TERM
COMMENCEMENT
OPTIONS
ANNUAL INCREASES OR REVIEWS
LEASE TYPE
5 Years
25/01/2023
5 years
CPI capped at 4%
Ground lease*
*Tenant responsible for the building and all equipment.
KFC AUSTRALIA
Statistics:
2 MILLION + GUESTS SERVED EVERY WEEK
700 STORES NATIONALLY
59+ FRANCHISE PARTNERS
KFC have the head lease over the whole of the property. They have subleased part of the premises to Lickt Ice Cream. This portion does form part of the sale.
I’m unmissable prominent site on significant corner. Underpinned by an exceptional land holding in Melbourne’s prized south-eastern suburbs.
LAND AREA
combined frontage of over
91
2,440sqm*
METRES*
ZONING General Residential Zone
(GRZ-5)
under the City Of Boroondara planning scheme.
29
CAR SPACES
Average number of vehicles passing daily HIGH STREET ROAD
11,000 20,000
WARRIGAL ROAD
Ashburton 3147 Ashburton is a thriving inner-city suburb of metropolitan Melbourne with median house price of $1,957,500. A prime inner city location surrounded by premium suburbs including East Malvern, Glen Iris, Chadstone, Ashwood, Mount Waverley & Burwood.
ASHBURTON City of Boroondara
Median house price:
$1,957,500 SUBURB PROFILE
7,947
$2,740
27.4%
20.4%
Population
Median weekly household income
Parents and homebuilders (35 to 49)
Young workforce (25 to 34)
HOUSEHOLD TYPE Couples with children
1,240
Couples without children
589
Lone person
538
I’m a tasty investment guaranteed to hatch great returns. The underlying strength in non-discretionary retail performance is sustaining demand from investors that seem only to be held back by the lower volume of on-market opportunities which is keeping yields low. A recovery in consumer spending and greater certainty on borrowing costs will help support optimism for retailer performance and covenants in to the future. This will provide opportunities for private and offshore capital to enter the market, particularly those investors with capital reserves ready to deploy in the sector. While there will be some opportunistic capital targeting assets with value-add and strategic land holdings, investors are expected to remain focused on nondiscretionary assets, particularly food, in the near-term.
“investors are expected to remain focused on non-discretionary assets, particularly food, in the near-term”
COMPARABLE SALES 230 SOMERTON ROAD, ROXBURGH PARK Sale Date:
June 2023
Sale Price:
$4,410,000
Land Size:
2,293 sqm (*approx)
Price / Land Area:
$1,923 psm
Lease Term:
16 years to October 2037
Rent:
$142,223 pa + gst
Yield:
3.22%
91-101 KEILOR ROAD, ESSENDON Sale Date:
July 2023
Sale Price:
$7,000,000
Land Size:
2,230 sqm (*approx)
Price / Land Area:
$3,140 psm
Rent:
$167,726 pa + GST
Lease Term:
Leased until April 2028 with 2 x 10yr options
Yield:
2.40%
376 WARRIGAL ROAD, HEATHERTON Sale Date:
October 2022
Sale Price:
$4,400,000
Land Size:
2,218 sqm (*approx)
Price / Land Area:
$1,984 psm
Rent:
$186,175
Lease Term:
11 years to October 2032
Yield:
4.23%
2091 FRANKSTON - FLINDERS ROAD, HASTINGS Sale Date:
September 2023
Sale Price:
$2,350,000
Land Size:
1,798 sqm (*approx)
Price / Land Area:
$1,307 psm
Rent:
$110,969 pa + GST
Lease Term:
7 years to August 2026
Yield:
4.71%
154-156 CENTRAL AVENUE, ALTONA MEADOWS Sale Date:
September 2022
Sale Price:
$2,962,000
Land Size:
1,405 sqm (*approx)
Price / Land Area:
$2,108 psm
Rent:
$132,150 pa + GST
Lease Term:
10 years to September 2030
Yield:
4.46%
426
WARRIGAL ROAD, ASHBURTON Corner High Street Road
BUY ME.
WHAT, WHEN & WHERE? For Sale by Expression of Interest closing Friday 8th December 2023 at 2pm Terms: 10% Deposit on Sale, Balance 30/60 days
INSPECT
REQUEST
Make a private appointment with the exclusive agents
A contract of sale and vendors statement
Rodney King
Jeremy Gruzewski
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate