2-16 Piper Dr Chelsea Heights VIC 3196

EOI Closed - Offers Under Review

Savills Retail Investments is delighted to offer for sale KFC Chelsea Heights, an exceptional QSR investment opportunity being offered with a new 15-year lease, backed by Southern Restaurants, the largest privately owned KFC franchisee in Australia.

Key attributes of the property include:

Highly sought Long WALE investment with new 15-year lease expiring 2039 plus options
Strategic location surrounded by complementary QSR and immediate connectivity to Springvale Road and the M11 Freeway
Highly visible site on prime corner of major arterials Springvale/Edithvale and Boundary/Wells Roads.
Significant landholding of 2,790 square metres* with onsite car parking for 31 vehicles
Highly complementary co-location next to McDonald's on integrated site
Excellent visibility to a combined 55,100^ cars passing daily
Fixed annual escalations of 3.00% providing attractive rental growth prospects
Commercial 2 zoning with low site coverage, offering scope for future development
Long established and proven KFC store operating in this location since 1992
Southern Restaurants: Largest privately-owned KFC franchisee in Australia with 95 stores nationally
Net Income: $320,565 p.a.

*Approximate ^VicRoads

For further information please contact:

Rick Silberman - 0432 831 511
Stephen Bolton - 0419 323 997