Premium KFC asset in the south-eastern Melbourne suburb of Springvale has been listed for sale through Burgess Rawson agents Matthew Wright, Zomart He, Beau Coulter and Justin Kramersh. 

Situated at 98-106 Westall Road, the state-of-the-art property features a new 10-year lease to KFC,  with options extending to 2054. 

Mr Wright highlighted the asset's strong investment credentials, noting its maximum depreciation  benefits, prime location, and long-term security. 

The property generates a net annual income of $200,000 plus GST and is leased to KFC's South  Restaurant Group, Australia's largest private KFC franchisee, operating 95 locations across the  country. 

The new development boasts frontage to the six-lane Westall Road, with approximately 48,000  vehicles passing daily and has further plans for a Medical/Childcare development immediately next  door. 

Greater Dandenong precinct, home to a population of 164,484, is forecast to grow by 15.4% by 2036.  The region produces an impressive $57 billion in annual economic output, underlining its commercial  significance. 

Mr Wright said this listing represents a rare opportunity to secure a high-performing asset in one of  Melbourne's most dynamic growth corridors and leased to one of Australia’s largest private KFC  operators. 

‘We have seen significant growth in QSR rentals due to increased development costs and the aggressive growth strategies by national brands.  

“This rent sits around 40% lower rental than all of the new QSR’s transacted in Australia in 2024 which  provides an investor an opportunity to purchase the property at a lower entry point with future rental uplift.” 

The property is being offered at Burgess Rawson’s Portfolio Auction Event at Crown Casino in  Melbourne on Wednesday 11 December at 10.30am AEDT.

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