Leading developer, Griffith Group has unveiled Australia's newest fast food portfolio to be offered for sale, marking a substantial opportunity in the commercial real estate market.  

Exclusively listed through Burgess Rawson’s Yosh Mendis, this exceptional portfolio is situated in the newly completed Bayview Centre in Warrawong and features secure leases to ASX listed, national and  global powerhouses including McDonald’s, Hungry Jack’s, Starbucks, Oporto, Domino’s and  Liquorland. 

Mr Mendis said “we expect the portfolio to generated incredible interest and receive a strong level of  enquiry from investors across Australia. 

“Fast food assets remain the crown jewels of the commercial property market, achieving record low  yields as insatiable demand far outstrips supply.  

“These properties are among the most tightly-held investments and are typically snapped up quickly  when offered to the market. The inherent appeal of fast food properties lies in their long-term landlord  friendly leases, guaranteed rental growth, low-risk income profiles, minimal management requirement  while delivering consistent, reliable growing returns.” 

Developed by the highly-regarded Griffith Group and completed in December 2023, the expansive  Bayview Centre stands as a monumental achievement in strategic foresight and exceptional success. Spanning 36,049 sqm in the thriving heart of Warrawong, the centre benefits from more than 77,000  cars passing the site daily and boasts a 100% occupancy.

Home to renowned national retailers such as  Beacon Lighting, Super Cheap Auto, JB Hi-Fi, Trek, Autobarn, RTM, and Amart Furniture further  highlight its immense appeal and investment significance.  

The fast food portfolio listing follows the recent $57 million sale of the large format retail component of  the Bayview Centre which was acquired by MLC Asset Management (previously IOOF).  

Mr Mendis said the assets will suit all price points with annual returns ranging from $244,710 to  $554,707 for the freestanding McDonald’s while lease terms range up to 20 years. 

“The properties boast significant land sizes each lot of up to 3,304 square metres and are strategically  located in a fast-growing CBD precinct with solid economic activity.” 

Elanor Investors Group has submitted plans for a proposed rezoning of the 7 ha site directly opposite  the Bayview Centre, which will allow construction of 1300 new homes, including 10 per cent affordable  housing. 

Warrawong is a fast-growing suburb and rests on the northeast edge of Lake Illawarra, approximately  74 kilometres from Sydney's CBD. The town is an integral part of the Illawarra region's economic fabric  and offers a blend of industrial heritage, solid tourism and retail opportunities, community-focused  businesses, and potential for growth across various sector. 

The region is well known as a holiday destination, attracting residents from the local area and Sydney. 

The city has recently undergone rapid transformation with over $800 million in infrastructure delivered  over the past five years. The Wollongong City Council has undertaken a strong Economic Development  Strategy to attract and retain professional talent to the region, aiming for 10,500 net new jobs by 2028. 

Additionally, international heavyweight, Fraser’s Property Group has recently opened the new $180  million Marina at Shellharbour, 12km from Warrawong. 

The portfolio will be sold individually at Burgess Rawson’s Portfolio Auction Event 170 at the Sydney Opera House in Sydney on August 6.  

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