Fast Food
—
Stonebridge
Sold
Hungry Jack's Ocean Groove
6-10 Activity Drive, Ocean Grove, VIC 3226
Property Description
Hungry Jack's Ocean Groove is a Fast Food asset located in Ocean Grove, VIC that was sold for $4,650,000 on 27 Jun 2025, with the transaction facilitated by Stonebridge. The property comprises 312 m² of building area, equating to $14,904 per square metre and is situated on a 1,034 m² landholding at a rate of $4,497 per square metre. The property was leased to Hungry Jack's and generated an estimated net income of $225,445 and offered a WALE of 9.4 years, with further options extending the lease profile by an additional 10 + 10 years. The investment reflected a reported yield of 4.85% at the point of transaction.
Key Metrics
Sale Price
$4,650,000
27 Jun 2025
Yield
4.85%
Net Income $225,445
Land
1,034 m²
$4,497/m²
Building
312 m²
$14,904/m²
Tenancy
Single Tenant
Parks —
Parking
—
Rate —
Address & Location
| Full Address | 6-10 Activity Drive, Ocean Grove, VIC 3226 |
|---|---|
| Suburb | Ocean Grove |
| State / Postcode | VIC 3226 |
| Metro / Regional | — |
| Property ID | MBh6nXP |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $4,650,000 |
|---|---|
| Sale Date | 27 Jun 2025 |
| Net Income | $225,445 |
| Yield | 4.85% |
| Land Area | 1,034 m² |
|---|---|
| Land Rate | $4,497/m² |
| Building Area | 312 m² |
| Building Rate | $14,904/m² |
Lease & WALE
| Rent Start | 01 Jul 2020 |
|---|---|
| Rent End | 30 Jun 2035 |
| Term (input) | 10 |
| WALE | 9.38 yrs |
| Rent Reviews | Fixed 3% |
|---|---|
| Options | 10 + 10 |
| Lease Confirmed | |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Rorey James
Stonebridge
Kevin Tong
Stonebridge