Red Rooster 663-671 Springvale Road Springvale South, VIC 3172

Ray White Retail are proud to present Red Rooster Springvale South. For sale by Expressions of Interest closing Thursday 16th April at 3pm (AEST)

|What|
• A blue-chip retail asset combining secure long-term income with significant underlying land value and future upside.
• Established Drive-Thru Fast Food Asset featuring a modern restaurant and 44 on-site car spaces
• Head Office Lease to Red Rooster, occupying the site for over 33 years
• Secure Long-Term Lease to 2032
• 2x5 Year Options through to 2042
• Ultra-low site coverage (7%) providing long-term redevelopment and value-add potential (STCA)

|Where|
• 22km* South-East of Melbourne's CBD
• Substantial 3,646sqm Corner Landholding with over 115m of dual street frontage
• Exceptional Exposure to approximately 219,800 vehicles weekly

|Why|
• Below-market rental profile offering significant rental uplift - currently renting at $92,944 + GST p.a.
• Dominant Fast Food offering as the only national fast food operator within Springvale South
• Built-In Rental Growth with fixed 3.00% annual increases
• Tenant responsible for all usual outgoings
• First time offered to the market in over 40 years

*Approximately