BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Substantial 2\,790*sqm Freestanding KFC | Brand New 10 Year Ne t Lease + Options to 2076\nCBRE is proud to offer to the market this free standing KFC\, located at 2-16 Piper Drive\, Chelsea Heights VIC for sale via Investment Portfolio Auction 184. \n\nThe property has the following key investment highlights:\n\n+ Brand new 10 year net lease com mencing 1 April 2026 plus 4 x 10 year options extending to 2076.\n+ KFC: Iconic fast-food brand serving over 2 million customers weekly across 800 + national outlets.\n+ Southern Restaurants Group: Australia's largest pr ivately owned KFC franchisee operating 110 stores across VIC\, NSW & ACT with 7\,000+ employees.\n+ Proven trader since 1992\, with recent 2023 up grades including a building extension providing depreciation tax benefits .\n+ Substantial freestanding 2\,790sqm* C2Z drive-thru site with 31 on-t itle car spaces\, offering long term future potential.\n+ Prime fast food precinct\, adjoining McDonald's and adjacent to Guzman Y Gomez\, Dan Mu rphy's and a forthcoming Woolworths Supermarket.\n+ Outstanding main road exposure on the corner of Edithvale and Wells Roads\, metres from the Mo rnington Peninsula Fwy interchange\, capturing 58\,000+ vehicles daily wi th significant additional freeway traffic.^\n+ Landlord friendly net leas e with tenant responsible for all outgoings excluding land tax.\n+ Fixed 3% annual rent increases delivering strong and certain rental growth.\n+ Chelsea Heights: A premier coastal adjacent suburb 30km from Melbourne's CBD\, within the City of Kingston's $14.2 billion economy supporting 95\, 000+ local jobs.^^\n+ Net Income: $325\,425 pa + GST.\n\nFor Sale by Inve stment Portfolio Auction \n10:30am (AEST) Wednesday 13 May 2026\nGarden R oom\, Crown Casino\, Melbourne\n\n* Approx\n^ GapMaps \n^^ .id DTEND:20260513T113000 DTSTAMP:20260417T093441Z DTSTART:20260513T103000 LOCATION:Crown Casino - Garden Room - Melbourne SEQUENCE:0 SUMMARY:Auction: 2-16 Piper Drive\, Chelsea Heights VIC UID:CRE-2020772194-Auction X-ALT-DESC;FMTTYPE=text/html:< title>

Substantial 2\,790*sqm Freestanding KFC | Brand New 10 Year Net Lease + Options to 2076
CBRE is proud to offer to the market this freestanding KFC\, located at 2-16 Piper Driv e\, Chelsea Heights VIC for sale via Investment Portfolio Auction 184.

The property has the following key investment highli ghts:

+ Brand new 10 year net lease commencing 1 April 2026 plus 4 x 10 year options extending to 2076.
+ KFC: Iconic fast-food brand serving over 2 million customers weekly across 800+ national outle ts.
+ Southern Restaurants Group: Australia's largest privately own ed KFC franchisee operating 110 stores across VIC\, NSW & ACT with 7\,000 + employees.
+ Proven trader since 1992\, with recent 2023 upgrades including a building extension providing depreciation tax benefits.
+ Substantial freestanding 2\,790sqm* C2Z drive-thru site with 31 on-ti tle car spaces\, offering long term future potential.
+ Prime fast food precinct\, adjoining McDonald's and adjacent to Guzman Y Gomez\, Da n Murphy's and a forthcoming Woolworths Supermarket.
+ Outstanding main road exposure on the corner of Edithvale and Wells Roads\, metres fr om the Mornington Peninsula Fwy interchange\, capturing 58\,000+ vehicles daily with significant additional freeway traffic.^
+ Landlord fri endly net lease with tenant responsible for all outgoings excluding land tax.
+ Fixed 3% annual rent increases delivering strong and certain rental growth.
+ Chelsea Heights: A premier coastal adjacent subur b 30km from Melbourne's CBD\, within the City of Kingston's $14.2 billion economy supporting 95\,000+ local jobs.^^
+ Net Income: $325\,425 pa + GST.

For Sale by Investment Portfolio Auction
10 :30am (AEST) Wednesday 13 May 2026
Garden Room\, Crown Casino\, Mel bourne

* Approx
^ GapMaps
^^ .id

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