KFC Alona North, 168-172 Millers Road,
Altona North, VIC 3025
Key property information
Map of KFC Alona North, 168-172 Millers Road
Trophy Fast Food Investment - Leased to 2026
- Renewed 10 Year Lease + Options to 2056
- Annual Fixed 3% Rent Increases
- Scheduled for $200k Building Upgrade
Annual fixed 3% increases – Lessee pays all usual outgoings.
348 sqm building scheduled for circa $200,000 refurbishment and upgrade to KFC's current corporate layout and design including drive-thru.
Strategic 3,623 sqm site next to McDonald's, Chemist Warehouse, Autobarn and opposite a new Hungry Jacks.
Busy metropolitan location with 22,000 cars passing daily.
Lessee (Retzos Group): Leading franchisee with 40+ stores and growing plus Winner of 'KFC Franchisee of the Year' 2012/13.
Altona North: Strategic capital growth inner city suburb minutes to the Westgate Fwy and 10kms from Melbourne CBD.
Rent: $186,005 pa.
Auction 11am Wednesday 3 August
River Room, Crown Casino, Melbourne
Property ID: 502024594Last Updated: 4 Oct 2016