2-16 Piper Dr, Chelsea Heights, VIC, 3196

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 Sale by Expressions of Interest closing Wednesday 9 October at 3:00pm (AEDT).

For further information please contact:

Rick Silberman - 0432 831 511

Stephen Bolton - 0419 323 997

Remember to mention you found this property on CommercialReady