New
Rarely Offered Fast-food Investment on Substantial Landholding
504 Pascoe Vale Road, Strathmore VIC 3041
via EOI closing 2pm (AEST), Wednesday 31 July 2024
RetailSize: n/a
Block size: 4161 m² approx.
Savills Retail Investments are excited to offer for sale Red Rooster Pascoe Vale, an outstanding fast-food investment on substantial landholding offered for the first time in 40 years.
Key investment highlights:
- Drive-thru & dine-in Red Rooster restaurant with onsite car parking for 33 vehicles
- Exceptional value-add potential with confirmed interest from multiple national retailers to co-locate
- Head Office lease, expiring 31 December 2026 plus 1 x 5-year option
- Important Mixed-Use zoning providing significant scope for higher density development
- Excellent transport amenity with Immediate access to M2 Freeway and Pascoe Vale Station
- High exposure corner site with 19,000* vehicles passing daily and combined frontage of 150 metres*
- Rent: $188,359pa* plus GST & outgoings
*Approx.
For Sale by Expressions of Interest (EOI) closing 2:00pm (AEST) Wednesday 31 July 2024.
Key investment highlights:
- Drive-thru & dine-in Red Rooster restaurant with onsite car parking for 33 vehicles
- Exceptional value-add potential with confirmed interest from multiple national retailers to co-locate
- Head Office lease, expiring 31 December 2026 plus 1 x 5-year option
- Important Mixed-Use zoning providing significant scope for higher density development
- Excellent transport amenity with Immediate access to M2 Freeway and Pascoe Vale Station
- High exposure corner site with 19,000* vehicles passing daily and combined frontage of 150 metres*
- Rent: $188,359pa* plus GST & outgoings
*Approx.
For Sale by Expressions of Interest (EOI) closing 2:00pm (AEST) Wednesday 31 July 2024.
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Contact Rick Silberman to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
33
Property type:
Retail
Block Size:
4161 m²*
Other Details
Lot:
1
Plan:
TP577942
Legal description:
1\TP577942
Maps and area information
Block information
Block size: 4161m² (approx)
Legal description: 1\TP577942
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
43 years
Population
8,980
Listing ID: 182638137. This listing has been viewed 0 times. It was first displayed on 01/07/2024 and last updated on 01/07/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.