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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
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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