Business · India Bureau
NSW Investor Acquires Nando's Drive-Through in Victoria for $5.8M
A newly constructed Nando's drive-through facility in Cranbourne North, Victoria, has been sold for $5.845 million to a New South Wales-based investor, reflecting growing commercial property interest in the state from interstate buyers.
LSN India ·
The acquisition of the dual-lane drive-through site marks a significant transaction in Victoria's commercial real estate sector, with the property secured under a long-term lease agreement with Nando's Australia. The arrangement is structured to generate an anticipated annual net income of $319,035 for the investor, underpinned by a lease agreement that includes fixed rental increases of 3% per annum.
The transaction reflects a broader trend of interstate investment flowing into Victoria's commercial property market. Out-of-state investors have increasingly focused on retail and hospitality-related assets, particularly those with established tenant relationships and predictable income streams.
The Cranbourne North location, positioned as a strategic site within Greater Melbourne, benefits from the quick-service restaurant sector's steady demand and the operational efficiency model that drive-through facilities provide. The long-term lease structure with the established Nando's brand offers investors a degree of income security typically sought in the current commercial property environment.
The sale underscores the attractiveness of purpose-built hospitality infrastructure to institutional and individual investors seeking stable returns through established commercial tenancies.