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Hungry Jack's 155-159 Millers Road
Altona North VIC 3025
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Sold on 24 May 2024

Hungry Jack's 155-159 Millers Road Altona North VIC 3025

  • Shop & Retail
  • 210 m²
  • Sold

FREEHOLD FAST FOOD DRIVE-THRU INVESTMENT

  • DOMINANT STANDALONE CORNER STORE
  • INNER MELBOURNE LOCATION
  • ATTRACTIVE CPI ANNUAL REVIEWS

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

Please contact CBRE for more information:

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 ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()

*approx
^VicRoads traffic data

CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold24 May 2024
Floor Area210 m²
Land Area1,779 m²
ParkingOn site parking available
Property ID2019136899
Category
Last updated  24 May 2024
Map for Hungry Jack's 155-159 Millers Road Altona North VIC 3025

Nearest transport* to Hungry Jack's 155-159 Millers Road Altona North VIC 3025

Bus
Train
Tram
Ferry
Blackshaws Rd/Millers Rd (Altona North)34 m
Blackshaws Rd/Millers Rd (Altona North)50 m
Valerian Ave/Blackshaws Rd (Altona North)85 m
Seventh Ave/Blackshaws Rd (Altona North)94 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold24 May 2024
Floor Area210 m²
Land Area1,779 m²
ParkingOn site parking available
Property ID2019136899
Category
Last updated  24 May 2024

More about Hungry Jack's 155-159 Millers Road Altona North VIC 3025

Hungry Jack's 155-159 Millers Road Altona North VIC 3025 is categorized as Shop & Retail Property. It has a floor area of 210 m² and a land area of 1,779 m². The listing ID for this property is 2019136899.

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