Fast Food
Metro
CBRE
Sold
El Jannah
85 High Street, Belmont, VIC 3216
Property Description
El Jannah is a Fast Food asset located in Belmont, VIC that was sold for $6,500,000 on 15 Apr 2026, with the transaction facilitated by CBRE. The property comprises 280 m² of building area, equating to $23,214 per square metre and is situated on a 1,185 m² landholding at a rate of $5,485 per square metre. The property was leased to El Jannah and generated an estimated net income of $356,212 and offered a WALE of 19.1 years, with further options extending the lease profile by an additional 20 + 20 years. The investment reflected a reported yield of 5.48% at the point of transaction.
Key Metrics
Sale Price
$6,500,000
15 Apr 2026
Yield
5.48%
Net Income $356,212
Land
1,185 m²
$5,485/m²
Building
280 m²
$23,214/m²
Net Income
$356,212 p.a.
Single Tenant tenancy
Parking
—
Rate —
Address & Location
| Full Address | 85 High Street, Belmont, VIC 3216 |
|---|---|
| Suburb | Belmont |
| State / Postcode | VIC 3216 |
| Metro / Regional | Metro |
| Property ID | MBDje2E |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | Commercial 1 Zone |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $6,500,000 |
|---|---|
| Sale Date | 15 Apr 2026 |
| Net Income | $356,212 |
| Yield | 5.48% |
| Land Area | 1,185 m² |
|---|---|
| Land Rate | $5,485/m² |
| Building Area | 280 m² |
| Building Rate | $23,214/m² |
Lease & WALE
| Rent Start | 01 Jul 2025 |
|---|---|
| Rent End | 30 Jun 2045 |
| Term (input) | 20 |
| WALE | 19.12 yrs |
| Rent Reviews | Fixed 3.25% |
|---|---|
| Options | 20 + 20 |
| Lease Confirmed | |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Nathan Mufale
CBRE
Scott Hawthorne
CBRE
Jing Jung
CBRE