Times of IndiaLean R·
A newly built Nando’s drive-through in Australia sold for $5.845 million
A newly built Nando's drive-through site in Cranbourne North has been acquired for $5.845 million by a New South Wales investor. The development includes a dual-lane drive-through facility and is secured by a long-term lease with Nando's Australia, ensuring an anticipated annual net income of $319,035, alongside fixed rent hikes of 3%. The transaction indicates a rising trend in commercial property investments in Victoria, particularly from out-of-state buyers.
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