Located in the heart of Hervey Bay, a 3,392 sqm site housing a KFC  drive-thru restaurant and adjoining freestanding Pizza Hut has hit the market, with strong interest expected from private investors both local and interstate looking to capitalise on Queensland’s  profitable fast food retail market. 

Colliers experts Nick Dowling, Mark Wollin and Harry Bui are exclusively presenting the opportunity to acquire 161 Boat Harbour Drive, Urraween, a freehold asset anchored by a KFC Drive-thru restaurant and adjoining freestanding Pizza Hut. 

Colliers Sunshine Coast Managing Director Nick Dowling said this was a prime investment opportunity, tenanted by two national fast food brands in a prominent main road position  surrounded by national retailers. 

“Located in one of the highest profile positions in Hervey Bay, the offering provides a secure income  stream with strong annual growth in an unbeatable location,” Nick Dowling said. 

“We are expecting strong interest as the fast-food sector has garnered the attention of investors due  to its steady expansion and profitability over the years, rendering it a dependable and stable  business choice,” Nick Dowling said.  

“Despite ongoing interest in smaller chains and independent operators, many investors still prefer to  invest in established brands such as KFC and Pizza Hut,” Nick Dowling added. 

Colliers Sunshine Coast Senior Executive Mark Wollin said this site offered a strong business in a key growth corridor. 

“Located at the epicentre of Hervey Bay’s commercial activity centre, with strong income from long term leases with national tenants this is a great opportunity. 

“Located on a busy arterial road and adjoining Stockland’s Hervey Bay Shopping Centre and McDonald’s with other neighbours including major retail and fast food brands including Dan  Murphy’s, Hungry Jacks, Subway and Timezone this is a key activity hub.  

“The property enjoys a 53 metre frontage to Hervey Bay’s busiest road, which links major residential  catchments from Pialba to Urangan,” Mark Wollin added. 

Colliers Head of Asia Markets Harry Bui said over the past decade, the Hervey Bay region had prospered from inter and intra-state migration of buyers chasing an affordable quality lifestyle. This  growth has had a big impact on retail in the area with essential food and beverage sectors playing a  crucial role in daily life. 

“These sorts of assets are more resilient to economic conditions, making them a less risky investment with a reliable income source and capital growth potential, making them a popular  choice among investors. 

“There is a resurgence of capital from Asian investors who are looking to take advantage of the  strong performing Queensland retail market,” Harry Bui added.  

Pizza Hut is the largest pizza chain in the world with more than 12,000 Pizza Hut Restaurants and Delivery Units operating worldwide. Approximately 270 stores are located in Australia. 

KFC owned by Collins Foods is an ASX (ASX:CKF) listed entity proudly employing over 20,000 people globally in 81 locations throughout Australia and Europe, the second largest quick service restaurant  chain in Australia. 

This asset is being offered for sale by public auction In-Rooms in Sydney on Tuesday, 27th August  2024 (AEST). 

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