CBRE is proud to offer to the market this freestanding KFC, located at 2-16 Piper Drive, Chelsea Heights VIC for sale via Investment Portfolio Auction 184.

The property has the following key investment highlights:

+ 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 outlets.
+ Southern Restaurants Group: Australia’s largest privately owned 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-title car spaces, offering long term future potential.
+ Prime fast food precinct, adjoining McDonald’s and adjacent to Guzman Y Gomez, Dan Murphy’s and a forthcoming Woolworths Supermarket.
+ Outstanding main road exposure on the corner of Edithvale and Wells Roads, metres from the Mornington Peninsula Fwy interchange, capturing 58,000+ vehicles daily with significant additional freeway traffic.^
+ Landlord friendly 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 suburb 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, Melbourne

* Approx
^ GapMaps
^^ .id