Trophy Fast Food Investment – Leased to 2026
168-172 Millers Road , ALTONA NORTH VIC
Description
Renewed 10 year lease to 2026 plus 3×10 year options to 2056.
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 Details