Chicken is on the menu for hungry commercial property investors this June
The freehold KFC property on The Lakes Way at Forster is going up for auction as part of the Burgess Rawson Flagship Portfolio
The KFC restaurant sits on a 1975 square metre site opposite the Stockland Shopping Centre. including Woolworths, Coles and Hungry Jacks.
The asset is secured on a 10-year lease to June 2026, plus 5+5-year options to extend. According to Burgess Rawson director Dean Venturato, the site offers an "entry level" investment opportunity with strong growth potential.
"With a low rental of $83,933 pa, this asset has a lot of potential for future rental growth and makes for a very attractive entry level investment opportunity," Mr Venturato said.
Interest in food and beverage assets is always high and given the 'essential service' nature of convenient retail and fast food, which has resulted in significant price growth across this sector over the past 12 months, Burgess Rawson sees this asset class being one of the star performers for 2021.
"It is quite rare that a freehold KFC investment is offered to the open market in any given year, let-alone two, therefore investor interest is expected to be strong in the lead up to and on auction day," Burgess Rawson director Darrenn Beehag said.
The site goes under the hammer from 11am on Tuesday June 22, at Sydney Opera House's prized Yallumundi Rooms.
For more information on the Forster KFC property, please contact Dean Venturato on email@example.com or on 0412 840 222.