663-671 Springvale Road
Springvale South, VIC 3172

Overview

First Time Offered In Over 40 Years

Ray White Retail is pleased to present the Red Rooster located in Springvale South. This property is available for sale through Expressions of Interest, with submissions closing on Thursday, April 16, 2026, at 3 PM (AEST).

What:

• A prime retail asset that combines secure long-term income with significant underlying land value and potential for future development.
• Features a Drive-Thru Fast Food establishment with a modern restaurant and 44 on-site parking spaces.
• Head Office Lease to Red Rooster, which has occupied the site for over 33 years.
• Secure long-term lease extending to 2032, with two additional 5-year options through to 2042.
• Low site coverage of 7%, allowing for long-term redevelopment and value-add opportunities (subject to council approval).

Where:

• Located approximately 22 kilometers southeast of Melbourne's Central Business District.
• Substantial landholding of 3,646 square meters with over 115 meters of dual street frontage.
• Exceptional visibility with an estimated 219,800 vehicles passing weekly.

Why:

• Below-market rental profile with significant potential for rental increases; currently renting at $92,944 plus GST per annum.
• Dominant fast food offering as the only national operator in Springvale South.
• Built-in rental growth with fixed annual increases of 3.00%.
• The tenant is responsible for all usual outgoings.
• This is the first time this property has been offered to the market in over 40 years.

All information regarding the property has been provided to Ray White by third parties. Ray White has not verified this information and does not guarantee its accuracy or completeness. Interested parties should conduct their own inquiries regarding the property.

For more information, please refer to the Due diligence checklist for home and residential property buyers.

Location