Fast Food
—
Stonebridge
Sold
El Jannah Ferntree Gully
930 Burwood Highway, Ferntree Gully, VIC 3156
Property Description
El Jannah Ferntree Gully is a Fast Food asset located in Ferntree Gully, VIC that was sold for $5,520,000 on 12 Dec 2024, with the transaction facilitated by Stonebridge. The property comprises 186 m² of building area, equating to $29,677 per square metre and is situated on a 1,600 m² landholding at a rate of $3,450 per square metre. The property was leased to El Jannah and generated an estimated net income of $295,000 and offered a WALE of 13.5 years, with further options extending the lease profile by an additional 15 years. The investment reflected a reported yield of 5.34% at the point of transaction.
Key Metrics
Sale Price
$5,520,000
12 Dec 2024
Yield
5.34%
Net Income $295,000
Land
1,600 m²
$3,450/m²
Building
186 m²
$29,677/m²
Tenancy
Single Tenant
Parks —
Parking
—
Rate —
Address & Location
| Full Address | 930 Burwood Highway, Ferntree Gully, VIC 3156 |
|---|---|
| Suburb | Ferntree Gully |
| State / Postcode | VIC 3156 |
| Metro / Regional | — |
| Property ID | MB5vz5P |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $5,520,000 |
|---|---|
| Sale Date | 12 Dec 2024 |
| Net Income | $295,000 |
| Yield | 5.34% |
| Land Area | 1,600 m² |
|---|---|
| Land Rate | $3,450/m² |
| Building Area | 186 m² |
| Building Rate | $29,677/m² |
Lease & WALE
| Rent Start | 01 Jul 2024 |
|---|---|
| Rent End | 30 Jun 2039 |
| Term (input) | 15 |
| WALE | 13.51 yrs |
| Rent Reviews | Fixed 4.0% |
|---|---|
| Options | 15 |
| Lease Confirmed | No |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Rorey James
Stonebridge
Nic Hage
Stonebridge
Kevin Tong
Stonebridge