Fast Food
Metro
CBRE
Sold
El Jannah
597 Dorset Road, Bayswater North, VIC 3153
Property Description
El Jannah is a Fast Food asset located in Bayswater North, VIC that was sold for $3,310,000 on 02 Apr 2026, with the transaction facilitated by CBRE. The property comprises 449 m² of building area, equating to $7,372 per square metre and is situated on a 1,136 m² landholding at a rate of $2,914 per square metre. The property was leased to El Jannah and generated an estimated net income of $159,559 and offered a WALE of 6.8 years, with further options extending the lease profile by an additional 10 + 10 years. The investment reflected a reported yield of 4.82% at the point of transaction.
Key Metrics
Sale Price
$3,310,000
02 Apr 2026
Yield
4.82%
Net Income $159,559
Land
1,136 m²
$2,914/m²
Building
449 m²
$7,372/m²
Net Income
$159,559 p.a.
Single Tenant tenancy
Parking
32
Rate 2.82/100m²
Address & Location
| Full Address | 597 Dorset Road, Bayswater North, VIC 3153 |
|---|---|
| Suburb | Bayswater North |
| State / Postcode | VIC 3153 |
| Metro / Regional | Metro |
| Property ID | MBQ8kqX |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $3,310,000 |
|---|---|
| Sale Date | 02 Apr 2026 |
| Net Income | $159,559 |
| Yield | 4.82% |
| Land Area | 1,136 m² |
|---|---|
| Land Rate | $2,914/m² |
| Building Area | 449 m² |
| Building Rate | $7,372/m² |
Lease & WALE
| Rent Start | 01 Mar 2023 |
|---|---|
| Rent End | 28 Feb 2033 |
| Term (input) | 10 |
| WALE | 6.79 yrs |
| Rent Reviews | Fixed 3% |
|---|---|
| Options | 10 + 10 |
| Lease Confirmed | |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Nathan Mufale
CBRE
David Napoleone
CBRE
Justin Kramersh
CBRE