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Nando’s Drive-Through in Australia Sold for $5.845 Million with 15-Year Lease
Sentiment: NeutralHigh Priority
What Happened?
A newly built Nando’s drive-through in Cranbourne North, Victoria, has been sold for $5.845 million to a private investor from New South Wales. The property features a long-term lease generating an annual income of $319,035.
Key points
- The property sold for $5.845 million, achieving a yield of 5.3%.
- The lease includes fixed annual rent increases of 3%, extending options to 2060.
- The property was built in 2025 and features a dual-lane drive-through.
- Interest in the property came from local, interstate, and offshore investors.
- The sale price was $355,000 below the record for a Nando’s property set earlier in 2026.
Key insights
- The strong demand for fast-food properties indicates a stable investment environment.
- Rising construction costs may lead to higher future prices for similar properties.
- Interstate investors are increasingly viewing Melbourne as a valuable market.
Why it matters
This sale reflects the ongoing interest in commercial properties among investors in Victoria.
Tags
Entities
Nando's· CompanyAustralia· CountryCranbourne North· CityVictoria· StateNew South Wales· State
Source
Times of India
