Red Rooster, 2/247-253 Mickleham Road, Westmeadows, Vic 3049

CBRE is offering for sale Red Rooster Gladstone Park.

The freestanding fast-food opportunity is underpinned by an established, long-standing national tenant with excellent investment fundamentals, providing exposure to busy Mickleham Road and guaranteed annual income growth. 

Key details include:

+ Recently renewed 5 year net lease extension to October 2031, plus 3 further 5 year options to 2046
+ Fully leased to long-standing tenant Red Rooster: an established fast food retailer forming part of the Craveable Brands network with over 580 restaurants across Australia
+ Desirable net lease structure and annual 3% rent increases, providing compounding annual rental growth 
+ Excellent exposure to 37,000* vehicles passing daily along busy Mickleham Road
+ Freestanding retail store with drive-thru facilities, ample car parking, rear loading bay and pylon sign providing brand visibility in all directions 
+ Commercial 2 Zone landholding benefiting from strong underlying land value and ongoing growth across Metropolitan Melbourne's northern corridor 
+ Proximity to Melbourne Airport: positioned moments from Victoria's primary international gateway, currently benefiting from a $7.5B* infrastructure expansion that includes a third runway and major terminal upgrades, underpinning long-term economic and catchment growth.
+ Stamp Duty Exempt: Eligible under Victoria's CIPT regime
+ Net income $147,659 pa* + GST as at 31 October 2026

Please contact the exclusive selling agents at CBRE to obtain further information.

*Denotes Approx.