426 Warrigal Road, Ashburton

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