A prominent Avondale Heights retail asset has been leased to an upmarket fish and chip outlet and drive-through coffee business.
The former 7-Eleven store is at 2 Military Road – a V-shaped block which follows the bend of a busy thoroughfare connecting Avondale Heights to Maribyrnong via Canning Street.
The 1520 square metre holding contains buildings now configured as a car wash, café and kitchen.
The property also includes a customer car park and dual driveway access.
Owned by an offshore investor, 2 Military Road has been rented on and off over recent years – including most recently to car wash business Bluewater.
CRS Property said that following a recent lease campaign, 60 enquiries were received.
Brokers Marc Carbone and Ross Mercorillo added that the choice gave their client “the best possible leasing outcome” and that the incoming hospitality operator is highly experienced.
“In assessing the enquiry received for 2 Military Road, Avondale Heights, we can report a real appetite for similar sites which can provide a tenant with more than one income stream,” Mr Carbone said.
The range of enquiry came from service station operators, car wash businesses, food and beverage providers and healthcare-industry users, he added.
Avondale Heights is about eight kilometres north-west of the Melbourne CBD – not far from the Department of Defence’s riverside 128-hectare former Maribyrnong Explosives Factory site, which is the subject of a master-plan redevelopment plan and private-public joint venture deal.
Highpoint Shopping Centre – where apartment and office development has recently been proposed – is about two kilometres away from 2 Military Road.
Last month we reported that both McDonalds and KFC acquired development sites on which they plan to build restaurants, at the entrance of a housing estate taking shape in Cranbourne.