Gross Waddell ICR, in conjunction with Stonebridge Property Group, and under instructions from Advise Transact, is pleased to present for sale El Jannah Ivanhoe, located at 173–177 Upper Heidelberg Road, Ivanhoe.

Key highlights of the opportunity include:

15-year net lease to fast-food powerhouse El Jannah, with fixed annual increases

El Jannah - one of Australia’s largest quick-service restaurant brands with 65+ stores nationally, renowned for its legendary Lebanese-style charcoal chicken

Backed by global investment firm General Atlantic, which acquired a controlling stake in El Jannah in 2025 that valued the business at ~$1 billion

General Atlantic manages $114 billion* in assets and has an extensive portfolio of leading international consumer and hospitality investments, including over $2.1 billion* in international hospitality and entertainment interests

Significant 540 sqm* Commercial 1 Zoned landholding featuring 7 on-title car parks, rear access, and future development potential (STCA)

Extensively renovated 429 sqm* building, anchored by a brand-new, ultra-modern El Jannah restaurant and state of the art QSR fit out

Commanding triple-fronted freehold, with an impressive 17.7 m* frontage to Ivanhoe’s thriving retail and dining precinct

Key Financial Information:

- Providing combined annual income of $344,000 + GST + Outgoings**

- Take comfort in a stamp duty exempt purchase!

Key Catchment Information:

- Affluent Demographic: AAA+ position within the centre of Ivanhoe, where the $1.8 million* median house price sits 89% above the Melbourne median^

- Strategic Catchment: 46% of Ivanhoe residents comprise ‘couples with children’ – A key target market for El Jannah’s service offering

- Set Amongst Public/Private Amenity: 317 m* from Ivanhoe Girls Grammar School, 260 m* from Ivanhoe Library & Town Hall, 1.7 km* from the major The Austin Hospital & Medical Precinct

- Density Driving Retail Demand: Upper Heidelberg Road (the retail backbone of Ivanhoe) includes major developments of up to 12 levels – recent & planned developments along the coveted precinct totalling 550+ apartments

- Ultra Accessible: Just 220 m* from Ivanhoe Station, which services more than 617,600 passengers annually* and provides direct access to Melbourne’s CBD (8 km*)

El Jannah Ivanhoe is for sale via National Portfolio Auction on Tuesday 8 September 2026 at 11am (AEST).

To obtain further information or to arrange an inspection, please contact the selling agents below.

Andrew Greenway 0409 547 626
Alex Ham 0410 545 226
Glenn Ye 0400 880 388

*Approximately
^REIV