Upcoming Open For Inspection:
Thursday 18th April: 11:30am - 12:00pm
CBRE Melbourne Metropolitan Sales is offering for sale Hungry Jack’s Altona North representing an outstanding fast food investment, positioned in a high traffic retail thoroughfare just 10km* from The Melbourne CBD.
Key details are summarised below:
+ Freestanding asset 100% secured by Hungry Jack’s, an established blue-chip fast food retailer with over 440 locations across Australia
+ 15 year term to August 2028, plus an additional 4 X 10 year options extending the commitment to 2068
+ Prominent 1,779sqm* corner landholding with multiple points of access, 80m* of total street frontage and 19 valuable car spaces on title
+ Annual CPI rent escalations ensuring attractive rental growth prospects
+ Modern restaurant improvements over 210sqm* plus drive-thru constructed in 2013
+ Excellent visibility to 30,000*^ vehicles passing daily on Millers & Blackshaws Roads
+ Positioned in a thriving fast-food precinct with McDonalds, KFC and Subway restaurants adjacent
+ Close to Altona Gate Shopping Centre and near the Westgate Freeway on ramp
+ Net income $260,980* pa
The property is for sale via expressions of interest closing Thursday 2nd May at 2:00pm (AEST)
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*approx
^VicRoads traffic data
Remember to mention you found this property on CommercialReady
