15 Year Lease to Hungry Jacks & 5 Year Lease to Pizza & Grill Co.
- Current NET income: $437,875* p.a.
- 15 year Lease to Hungry Jacks Pty Ltd
- Total land area: 6,947 sqm* (C2Z)
ICR Property Group are pleased to present For Sale a strategic investment opportunity on two (2) titles at 2-10 Camp Road, Campbellfield & 1443 Hume Highway, Campbellfield.
This high-profile corner with massive exposure from passing traffic is situated on the corner of the Hume Hwy & Camp Road with visible access to the Western Ring Road, and surrounded by high-profile large format retailers including those within the adjacent Campbellfield Plaza.
Both properties are situated on a combined land area totalling 6,947 sqm*
The Assets return a total NET income of $437,875* p.a. ($231,239* p.a. from Hungry Jacks (1443 Hume Hwy) & $206,636* p.a. from the Pizza & Grill Co. (2-10 Camp Rd)).
Key features include:
- Total NET Income $437,875* p.a. +GST
- Total land area: 6,947 sqm*
- 2-10 Camp Rd: 4,538 sqm* & 1443 Hume Hwy: 2,409 sqm*
- Total building area: 1,237 sqm*
- 2-10 Camp Rd: 908 sqm* & 1443 Hume Hwy: 329 sqm*
- Two (2) separate titles
- Surrounded by high profile retailers: Aldi, Coles, Enzed, Dan Murphy’s, Kia, KFC, Kmart, Krispy Kreme, Ibis, Officeworks AND adjacent to Campbellfield Plaza
- High profile corner with massive exposure
- Sixty-one (61)* car spaces with two access points
- Access from Hume Hwy & Camp Rd
- Signage rights (STCA)
- Commercial 2 Zone (C2Z)
1443 Hume Highway, Campbellfield:
- Hungry Jacks - $231,239* p.a. +GST (Inc Licence Fee)
- 15 year lease. Commencement date: 1 November 2016
- Fixed 3.5% Annual increase & 5% increase at Option
- Further Option: Fifteen (15) years
- Hume Hwy frontage
- Land area: 2,409 sqm*
- Building area: 329 sqm*
- Licence fee: $29,452 p.a. for driveway access & signage rights (Camp Rd)
- Land Tax & Outgoings paid by Tenant
2-10 Camp Road, Campbellfield:
- Pizza & Grill Co. - $206,636* p.a. +GST
- 5 year lease. Commencement date: 1 June 2020
- Fixed 5% Annual increase & 5% increase at Option
- Further Option
- Land area: 4,538 sqm*
- Building area: 908 sqm*
- Outgoings paid by Tenant
- Western Ring Road Metropolitan Ring Road: 300 m*
- Campbellfield Plaza (Kmart, Coles, Officeworks, Aldi, Australia Post, Bakers Delight): 350 m*
- Gowrie Train Station (Upfield line): 1.6 kms*
- Northcote Leisure Centre: 2.4 kms*
- Tullamarine International Airport: 12 kms*
- Melbourne CBD: 22 kms*
If you would like to know more about this investment opportunity and to organise a private inspection, please contact one of ICR’s Exclusive Sales Agents below:
Raff De Luise – 0418 533 633
Julian Materia – 0498 188 011
***Note on inspections***
Private on-site inspections are currently not permitted due to the Stage 4 lockdown. Once the restriction has been lifted, there will be opportunities to inspect the property.
Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate for over 22 years.