CBRE and Elders Commercial are pleased to offer to market the brand new KFC located at Lot 2/9 Commerce Drive, Howrah (Hobart) TAS for sale via Investment Portfolio Auction 189.

The property has the following key investment highlights:

+ Rarely offered southern Tasmania fast-food investment, first to be offered to market for over 13 years.
+ Brand new 15 year lease to 2041 plus options to 2066.
+ KFC: globally recocgnised fast-food brand with 817+ locations across Australia. (1)
+ Collins Foods: largest KFC franchisee in Australia, FY25/26 revenue up 8.6% to $1.59 Billion. (2)
+ Fixed 3% annual rent increases, ensuring growth.
+ Tenant pays all usual outgoings including rates, land tax, building insurance and management fees (capped).
+ July 2026 construction providing significant tax saving depreciation benefits.
+ Immaculate 275sqm* KFC restaurant with dual lane drive-thru facility.
+ Directly adjoining high performing Coles anchored Glebe Hill Village SC.
+ 1,451sqm* title with important 14 on-title sealed and lined car spaces.
+ Situated in key growth area with 3,800 new homes planned/underway within primary trade area. (3)
+ Greater Hobart: robust and steady economy with $17 Billion gross regional product (GRP). (4)
+ Tasmania: attracted a record 1.36 million overnight tourists in 2025 with visitor spend up 44% to $3.6 Billion. (5)
+ Net Income: $279,696pa* + GST

To be sold via Investment Portfolio Auction 189
10:30am AEDT Wednesday 9 December 2026
Crown Casino, Melbourne

**Hungry Jack’s Howrah and Vibe Petroleum Howrah are also available for sale separately**

*Approx
1. KFC
2. Collins Foods
3. Location IQ
4. Profile.id
5. Remarkable Destination