QSR investment collects $11.8m
Jasbe has sold a recently constructed quick service retail investment with two small warehouses, in Melbourne’s south east.
The group banked $11.78 million from a Sydney based investor for 548 Clayton Road, Clayton South.
The result reflects a 6.17 per cent net passing yield.
Built in 2020, the incoming owner will be able to claim depreciation benefits.
Cushman & Wakefield’s George Davies, Raphael Favas, Oliver Hay and Leon Ma were the agents.
548 Clayton Road
Jasbe, via BP, is the anchor tenant at 548 Clayton Road, on a 12 year lease.
Carl’s Jr is committed for 15 years.
The parcel at the corner of Osborne Avenue also includes a car wash and two warehouses – like the retail component, leased.
The net annual income is $803,137 on rental agreements with fixed annual increases
“This is a unique opportunity to acquire a high-performing service centre in one of Melbourne’s most strategic metropolitan locations,” Mr Davies said.
“With long lease security and strong rental growth, we’re expecting significant local, national and international interest,” he added.
Clayton South is 22 kilometres from town.
The deal comes 11 months since Cranbourne BP, also in the south east, sold for $16.3m.
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