Successful KFC Restaurant Recently Refurbished
10A Gisborne Road (Corner Bennett Street), Bacchus Marsh VIC
Property Highlights
Description
Renewed 8 year lease to December 2023 plus options to 2038.
Annual rent reviews – Tenant pays all usual outgoings.
Prime 1,385 sqm CBD corner site with 68 metres frontage to 19,000 vehicles passing daily.
205 sqm building with drive thru – refurbished by tenant 2012.
Central position amongst McDonald’s, Shell Coles Express, The Village Shopping Centre – Coles, Aldi, Target, Reject Shop etc.
Lessee (Retzos Group) leading franchisee with 45+ stores and growing – Winner ‘KFC Franchisee of the Year’ 2012/13.
Bacchus Marsh: boom satellite suburb only 11 kms from metropolitan Melbourne, within Moorabool Shire – experiencing major population growth, forecast to reach 53,270 by 2041.
Rent: $122,788 pa (Dec 2016).
Auction 11am AEDT Wednesday 7 December 2016
River Room, Crown Casino, Melbourne
Property Details