Renewed 10 Year Ground Lease to 2034 | Proven KFC Store, On-Site 19+ Years
44-48 Graham Street, Wonthaggi VIC 3995
Auction 15/05/24
RetailSize: n/a
Block size: 2330 m² approx.
Burgess Rawson is pleased to offer to the market KFC, 44-48 Graham Street (Bass Highway), Wonthaggi VIC for sale via our Investment Portfolio Auction 168.
This investment has the following key highlights:
+ Renewed 10 + 10 + 10 year ground lease from August 2024 through to December 2054.
+ Proven KFC restaurant with tenant on-site 19+ years.
+ Southern Restaurants: Australia's largest private KFC franchise group with 6,000+ employees across 94 locations in VIC, NSW & ACT. (1)
+ Highly sought after ground lease structure tenant responsible for all capital and structural repairs and maintenance.
+ Investor preferred net lease terms with tenant paying all usual outgoings including building insurance.
+ Fixed 3% annual rent increases assuring income growth.
+ Impressive KFC restaurant with major 2024 store refurbishment planned.
+ Strategic 2,330sqm* 'corner island site' with 193m* quadruple frontage and important 20 on-title car spaces.
+ Site includes 663sqm* of surplus land providing immediate development upside (STCA).
+ High profile Bass Highway corner landholding with exposure to 18,995+ vehicles passing daily. (2)
+ Potential 50% stamp duty saving.
+ Wonthaggi: capital township of Bass Coast shire, with a trade catchment of circa 20,000 (plus season holiday influx).
+ Net Income: $125,620pa* + GST (as at 5 August 2024).
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
*Approx
1. LinkedIn
2. GapMaps
This investment has the following key highlights:
+ Renewed 10 + 10 + 10 year ground lease from August 2024 through to December 2054.
+ Proven KFC restaurant with tenant on-site 19+ years.
+ Southern Restaurants: Australia's largest private KFC franchise group with 6,000+ employees across 94 locations in VIC, NSW & ACT. (1)
+ Highly sought after ground lease structure tenant responsible for all capital and structural repairs and maintenance.
+ Investor preferred net lease terms with tenant paying all usual outgoings including building insurance.
+ Fixed 3% annual rent increases assuring income growth.
+ Impressive KFC restaurant with major 2024 store refurbishment planned.
+ Strategic 2,330sqm* 'corner island site' with 193m* quadruple frontage and important 20 on-title car spaces.
+ Site includes 663sqm* of surplus land providing immediate development upside (STCA).
+ High profile Bass Highway corner landholding with exposure to 18,995+ vehicles passing daily. (2)
+ Potential 50% stamp duty saving.
+ Wonthaggi: capital township of Bass Coast shire, with a trade catchment of circa 20,000 (plus season holiday influx).
+ Net Income: $125,620pa* + GST (as at 5 August 2024).
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
*Approx
1. LinkedIn
2. GapMaps
Inspections
No open inspections scheduled.
Send an enquiry
Contact Beau Coulter to learn more about this property, request an inspection or take an online tour.
Auction
Wednesday 15 May, 10:30am
Yallamundi Rooms, Sydney Opera House
Key details
Property type:
Retail
Block Size:
2330 m²*
Other Details
Section:
27
Legal description:
19~27\PP5871
Maps and area information
Block information
Block size: 2330m² (approx)
Legal description: 19~27\PP5871
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
56 years
Population
5,215
Listing ID: 182452388. This listing has been viewed 0 times. It was first displayed on 16/04/2024 and last updated on 16/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.