Victoria's Roxburgh Park Red Rooster on market
Jonathan ChancellorFebruary 6, 2021
The Red Rooster, Roxburgh Park Victoria premises are for sale through Colliers International’s Hamish Burgess and Tom Noonan.
The 1,804sqm site at 260 Somerton Road in Roxburgh Park features the 258sqm outlet with an existing 10 year lease.
It occupies a prime location alongside Roxburgh Park Shopping Centre.
The property currently returned a net annual income of $157,368 (plus GST) as part of the 10+5+5 year lease to Red Rooster Pty Ltd.
It has 25 on-site car parks.
260 Somerton Road was originally developed as part of the Roxburgh Park Shopping Centre, which is now managed by Vicinity Centres. and was subsequently subdivided on its own freehold title.
It goes to October 23 auction.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.