Descrição

SOLD BY AUCTION | JLL Retail Investments is pleased to present the opportunity to acquire El Jannah Box Hill – a brand-new freestanding fast food investment at 422 Station Street, Box Hill VIC

Occupying 648sqm* of prime Commercial 1 Zoned (C1Z) land, the property commands a high-profile, double fronted position near the major intersection of Station Street and Canterbury Road, with daily exposure to 46,000+ vehicles in the heart of Box Hill, widely regarded as Melbourne’s ‘second CBD’ and the largest metropolitan activity centre outside the city.

The investment is secured by a brand-new 20-year NET lease to El Jannah, one of Australia’s fastest-growing QSR brands, with fixed and compounding 3.5% annual increases and two further 10-year options, delivering exceptional long-term income security through to February 2046.

Key investment highlights:

+ Brand-new 20-year NET lease to El Jannah with two further 10-year options.

+ Irreplaceable 648sqm C1Z freehold with 15.2m* street frontage and rear right-of-way laneway access, adjoining Council car park (44* public spaces).

+ Guaranteed rental growth with fixed, compounding 3.5% annual increases throughout the term, with no mid-term market review – delivering 92%* income growth over 20 years.

+ Full NET lease structure with tenant responsible for all outgoings, including land tax (as assessed on the Lessor) and Victoria's new Commercial & Industrial Property Tax (CIPT).

+ Prime eastern suburbs location, just 14km* from Melbourne CBD, positioned metres from Box Hill Central, Box Hill Hospital, Box Hill TAFE and extensive retail, hospitality and high-density residential offerings.

+ Modern 436sqm restaurant showcasing El Jannah's latest corporate fit-out with abundant internal seating - brand-new tenant improvements providing substantial potential landlord depreciation benefits.

+ Melbourne's 'second CBD' – Box Hill has 22,000+ residents per 3.5km², with population forecast to grow 239% by 2056, underpinned by the $50bn+ Suburban Rail Loop (tunnelling from 2026, services from 2035).

+ Australia's fastest-growing fast food brand - El Jannah (64+ restaurants, 160,000 weekly transactions), majority-acquired by General Atlantic, a global growth equity firm for $1B with $118B in AUM.

+ Zero Stamp Duty Payable.

+ Net Income: $245,000 pa + GST.*

For further information, please contact the exclusive selling agents:

Dominic McGrath | 0416 440 525

Romanor Falconer | 0400 757 171

Tom Noonan | 0402 319 698

Asia Market Enquiries:

Mingxuan Li 李名轩 | 0498 688 998

* Approx

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