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Red Rooster Pascoe Vale, 504 Pascoe Vale Road, Strathmore, VIC 3041

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Red Rooster Pascoe Vale, 504 Pascoe Vale Road, Strathmore, VIC 3041

Red Rooster Pascoe Vale, 504 Pascoe Vale Road, Strathmore, VIC 3041

Properties / Buy / Victoria / Strathmore
Development Potential

1. Property Summary

Property Type
Commercial
Sub Type
Retail/Shopping Centre
Land Area
4,161 m² (*approx)
Zoning
Mixed Use Zone (MUZ)
Selling Method
Private Sale: via EOI closing 2pm (AEST), Wednesday 31 July 2024
DOCUMENTS AVAILABLE
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2. Property Highlights

Rarely Offered Fast-food Investment on Substantial Landholding
  • Expansive site of 4,161sq m*
  • Highly desirable Mixed-use Zone
  • Securely leased to Red Rooster H/O

Savills Retail Investments are excited to offer for sale Red Rooster Pascoe Vale, an outstanding fast-food investment on substantial landholding offered for the first time in 40 years.

Key investment highlights:

- Drive-thru & dine-in Red Rooster restaurant with onsite car parking for 33 vehicles

- Exceptional value-add potential with confirmed interest from multiple national retailers to co-locate

- Head Office lease, expiring 31 December 2026 plus 1 x 5-year option

- Important Mixed-Use zoning providing significant scope for higher density development

- Excellent transport amenity with Immediate access to M2 Freeway and Pascoe Vale Station

- High exposure corner site with 19,000* vehicles passing daily and combined frontage of 150 metres*

- Rent: $188,359pa* plus GST & outgoings

*Approx.

For Sale by Expressions of Interest (EOI) closing 2:00pm (AEST) Wednesday 31 July 2024.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom

1. Property Summary

Property Type
Commercial
Sub-type
Retail/Shopping Centre
Land Area
4,161 m² (*approx)
Mixed Use Zone (MUZ)
Selling method
Private Sale: via EOI closing 2pm (AEST), Wednesday 31 July 2024
DOCUMENTS AVAILABLE
Gain Access

2. Property Highlights

Rarely Offered Fast-food Investment on Substantial Landholding
  • Expansive site of 4,161sq m*
  • Highly desirable Mixed-use Zone
  • Securely leased to Red Rooster H/O

Savills Retail Investments are excited to offer for sale Red Rooster Pascoe Vale, an outstanding fast-food investment on substantial landholding offered for the first time in 40 years.

Key investment highlights:

- Drive-thru & dine-in Red Rooster restaurant with onsite car parking for 33 vehicles

- Exceptional value-add potential with confirmed interest from multiple national retailers to co-locate

- Head Office lease, expiring 31 December 2026 plus 1 x 5-year option

- Important Mixed-Use zoning providing significant scope for higher density development

- Excellent transport amenity with Immediate access to M2 Freeway and Pascoe Vale Station

- High exposure corner site with 19,000* vehicles passing daily and combined frontage of 150 metres*

- Rent: $188,359pa* plus GST & outgoings

*Approx.

For Sale by Expressions of Interest (EOI) closing 2:00pm (AEST) Wednesday 31 July 2024.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

4. Property Location

Red Rooster Pascoe Vale, 504 Pascoe Vale Road, Strathmore, VIC 3041

Property Map

5. Market Intelligence Report

Developments and amenities within a 5km radius of the asset.

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Red Rooster Pascoe Vale, 504 Pascoe Vale Road, Strathmore, VIC 3041 Strathmore
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