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VIC – Altona North

Oporto

Investment Level:

$675K

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02 8905 8...

About this opportunity

Oporto, famous for their Portuguese chicken and burgers is opening a new Drive Thru in a prime location in Altona North.

Only 12km from the Melbourne CBD, Altona North is the gateway to the Western Growth corridor. Millers Junction is one of Melbourne’s most anticipated and exciting retail developments. With access to Melbourne’s major arterial road network and public transportation, the $70 million “Retail” shopping centre and large format site is anchored by Woolworths and Oporto will be a part of Millers Junction, which is approx. 16,885sqm of large format retail space. This is currently open and trading and is home to national retailers, Bunnings, Officeworks, Aldi, JB Hi-Fi, Pet Stock and Repco. The final precinct of Millers Junction is the Business park, comprising office space and industrial units. A portion of this is already opened and trading and contains businesses such as Autobarn, Jaycar and Snap Printing. An extension of the business park will be soon undertaken adjacent to the new retail precinct.

Oporto Altona North is a drive through tenancy with outdoor seating surrounded by other complimentary food uses. Access is all ways off Cabot Drive, with great visibility and signage opportunity. The area has a solid population of 31,000 people and 11,500 households within a 3km radius.

Oporto is still negotiating the commercial terms but at the moment we have the following (these are subject to Board approval):

• Store location: Lot 2 Padsite (Cabot Drive) Millers Junction Retail, 290 – 298 Millers Road, Altona North, VIC 3025
• Store Type: Free Standing Drive Through
• Incentive: 3 months net rent free
• Size: 180m2
• Estimated Opening: June 2020

Sale Price: $675,000 (inclusive of fees)

Enquire today to start the conversation about owning your own Oporto restaurant.

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