El Jannah has chosen a recently vacated Hungry Jack’s in Preston for its maiden Melbourne restaurant.
The fast-food retailer has eight western Sydney outlets.
Its first interstate store is at 600 High Street, on the city bound side of the road, about nine kilometres from Bourke Street.
The lease includes a clause allowing rent to stop if COVID returns or if there’s another public health emergency related trading shutdown not supported by the governments.
El Jannah locks in long-term
At the north east corner of Wurruk Avenue, 600 High St spreads 1300 square metres with options to create outdoor seating (and 25 car parks to consider more).
It contains a drive-thru, a feature Collins Foods Limited rated when it recently chose a Roxburgh Park property for its third Melbourne store.
A 320 sqm building is designed with two cool rooms as well as the eating, kitchen and serving space.
Gray Johnson’s Rory White and Steve Buchan represented the landlord, a local private investor.
El Jannah has committed for 10 years; the starting annual fee is $140,000 with three per cent yearly increases (story continues below).
The charcoal chicken and Lebanese food focused tenant is taking a rent-free period as an incentive.
Site near Reservoir border
Six hundred High St is next to Heidelberg Mitsubishi, opposite Preston Toyota, walking distance to Regent train station.
Three blocks north, High Street becomes Reservoir.
“This property…was ideally set up for a replacement fast or convenience foods type retailer and we had a number of leasing enquiries of this type,” Mr White said.
“[It] is prominently located on a strip of High Street in Preston that includes car dealerships, an Avis outlet and the local Preston Hotel” Mr Buchan added.
Earlier this month social housing provider Unison purchased a site in the suburb at 345-349 Bell St with a permit for a six level project.
In November, Hotel Property Investments spent $22.7m on Reservoir’s Summerhill Hotel and a neighbouring Chemist Warehouse outlet.