Sold
15 Year Net Lease To Fast Food Powerhouse With 4% Annual Increases
El Jannah Niddrie, 475-477 Keilor Road, Niddrie VIC
Stonebridge Property Group is pleased to present El Jannah Niddrie (475-477 Keilor Road, Niddrie) for sale via Public On-Site Auction to be held on Friday 6 September 2024 at 2:30 pm (AEST).
- 100% leased to El Jannah on a brand new 15 year net lease to 2038 plus a 15 year option to 2053 with land tax recoverable and 4% increases
- El Jannah – Australian-owned fast food restaurant with successful 20+ year history and 30+ locations nationally
- The flagship quick service restaurant (QSR) boasts a brand new 358 sqm* internal fit-out
- Strategically located 540 sqm* Commercial 1 zoned site with triple shop frontage, rear lane access & 4 on-title car parks
- Core Keilor Road retail position - one of 10 government designated Activity Centres earmarked for growth
- AAA+ surrounding lifestyle amenities near Niddrie Central Shopping Centre, DFO Essendon and Essendon Airport
- Providing annual net income of $273,000 pa* + GST
To obtain further information, or arrange an inspection please contact the exclusive selling agents, Stonebridge Property Group.