A local private investor has secured a Guzman y Gomez drive-thru investment in Melbourne’s west for $6.6 million through a targeted off-market transaction, with contracts exchanged while the property was still under construction.
Located at 1 Hirata Boulevard, Wyndham Vale, the purpose-built restaurant is expected to reach practical completion in December 2026.
The property is secured by an initial 20-year lease to Guzman y Gomez, with net income of approximately $352,000 per annum plus GST. It occupies a 2,350 sqm* site with 21 on-site car spaces and left-in, left-out access from Hirata Boulevard.
As the developer purchased the land before 1 July 2024, the purchaser did not benefit from the stamp duty exemption available on other new fast-food investments.
Stonebridge Property Group was engaged by the developer to secure a purchaser ahead of completion. Following direct approaches to a select group of experienced fast-food investors, the property was purchased by a local private investor.
Stonebridge Partner Rorey James said the targeted off-market approach delivered on the vendor’s preferred timing.
“The developer approached our team seeking to secure a sale ahead of completion,” Mr James said.
“We approached a select group of experienced fast-food investors, with our longstanding relationship with the purchaser enabling us to deliver a strong result for the vendor while the property was still under construction.”
Stonebridge Partner Kevin Tong said brand-new fast-food investments continued to attract strong buyer interest despite the higher interest rate environment.
“Well-located QSR investments with long leases to national tenants remain highly sought after, even in a higher interest rate environment,” Mr Tong said.
“The combination of a brand-new build, a 20-year lease to Guzman y Gomez and a strategic position opposite Manor Lakes Shopping Centre and Bunnings made this an attractive opportunity for the purchaser.”
The transaction brings Stonebridge’s national fast-food investment sales to over $50 million since July. Highlights include Guzman y Gomez Thornleigh in NSW, which sold for $12.275 million, and El Jannah Cranebrook in NSW, which transacted for $5.65 million at a 4.87% yield.
All figures are approximate.
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