Rare Chapel St Fast Food Investment | Zambrero On-Site 11+ Years

• New 5 year head office lease to 2028
• Zambrero pay all usual outgoings
• 5.88% rent increase 2024, 3% thereafter

Sutherland Farrelly in conjunction with Burgess Rawson are pleased to offer to the market, Zambrero, South Yarra VIC for sale via Investment Auction Portfolio 161.

The property has the following investment highlights:

+ Brand new Five (5) year head office lease to June 2028 – no option.
+ Zambrero: fast-food giant with 230 locations globally and growing.
+ Proven store, with Zambrero on-site for over 11 years.
+ Secure, set-and-forget net lease structure with Zambrero responsible for all usual outgoings excluding land tax.
+ Generous rent reviews, with fixed 5.88% increase to $90k in 2024 and 3% annual increases thereafter.
+ 203sqm* two-level building incorporating modern Zambrero restaurant.
+ Prime 227sqm* freehold Chapel Street site, with dual frontage and important on-title parking.
+ Situated in key fast-food precinct, within 40 metres* of McDonalds, KFC and Taco Bell.
+ Directly adjoining Chemist Warehouse, nearby Prahran Market, Jam Factory, Woolworths, Coles, ALDI and Prahran Central.
+ South Yarra: affluent inner-city suburb only 3.7km from Melbourne CBD with $2.2 million median house price.**
+ Net Income: $78,825pa* + GST ($83,825pa* net income as at June 2024)

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 21 June 2023
Crown Casino, Melbourne VIC

*Approx
**Realestate.com.au