* Brand New 11 Year Lease * KFC Restaurant and Drive-Thru * Strategic Location *
Sold - 1219-1221 Point Nepean Road, Rosebud
Investment opportunity, Hotel/Leisure, Development/Land, Retail
Sale Details
Sold on 14 Feb 2012 for $3,240,000
| Building Area | 232m² |
|---|---|
| Rate | $13,966 per m² |
| Yield: | 6.76% |
| Land Area | 1717m² |
|---|---|
| Rate | $1,887 per m² |
Overview
| Sale History ID: | 18274 |
|---|---|
| Property ID: | 7590 |
| Advertised Price: | Contact Agent |
|---|
Description
Outstanding freehold investment operating as KFC restaurant and drive-thru. The property is leased on a brand new term of 11 years with 2 further terms of 5 years and a current rental of $219,035.00 per annum. This recently modernised KFC is strategically positioned on a Point Nepean Road corner allotment of approximately 1,717m2. Enhanced by depreciation taxation benefits and future development potential this property is ideal for the astute investor. *FOR MORE INFORMATION PLEASE SEE VIRTUAL TOUR*
Additional Info
| Features |
|---|
| Tenancy | Southern Restaurants (Vic) Pty Ltd trading as KFC restaurant and drive-thru |
|---|---|
| Lease Term | Eleven (11) + five (5) + five (5) years |
| Commenced | 23rd September 2011 |
| Rent Review | Annual CPI, market at year 6 and option periods |
| Bond/Guarantees | TBC |
| Outgoings Payable | Council and Water Rates, Utility charges and Insurance Premiums |
| Car Spaces | 17 on site |
| Zoning | Residential 1 |
| Outgoings |
|---|
Agent Details
Daniel Chessum
T | (03) 9623 2586
E | [email protected]
Ian Angelico
M | 0418 336 088
T | (03) 9623 2578
E | [email protected]