KFC, 154 Morayfield Road (corner Michael Avenue),
Morayfield, QLD 4506
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
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Burgess Rawson - Brisbane
Level 12, 127 Creek StreetBRISBANE CITY, QLD 4000
KFC, 154 Morayfield Road (corner Michael Avenue)
Morayfield, QLD 4506
Map of KFC, 154 Morayfield Road (corner Michael Avenue)
“One of QLD’s Leading KFC Stores” - Renewed Lease to Fast Food Retail Giant
- Renewed 5yr lease plus option to 2029
- Massive annual turnover
- Collins Foods Ltd: 241 KFC stores
+ Renewed Five (5) year lease to December 2024 plus option to December 2029
+ Collins Restaurants Queensland Pty Ltd: wholly owned subsidiary of ASX listed Collins Foods Ltd, Market Cap of $1.15 billion (August 2020)
+ Long proven performing KFC store established 30+ years
+ Massive year on year sales growth - trading well above turnover threshold
+ Annual rent reviews plus generous 5% of turnover above threshold
+ Tenant pays all usual outgoings as per lease
+ Modern 300 sqm building including thriving drive thru
+ Irreplaceable 1,828 sqm Local Centre – ‘Precinct’ zone corner site
+ 14 car parks on title, plus seamless integration to adjoining shopping centre
+ Prime corner on major retail strip with 33,000+ vehicles passing daily and 35,964 residents within 3km
+ Blue chip location opposite Morayfield Shopping Centre (159 retailers/6.2M visitors pa), First Choice Liquor and close to Bunnings, McDonald's, Supercheap Auto, Hungry Jack’s etc
+ Morayfield - Established residential suburb 40km from Brisbane CBD, part of Moreton Bay Region which is forecast to have a 50% population growth to 690,000 by 2041.
+ Net Income: $269,608 pa + GST
For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September
+ Collins Restaurants Queensland Pty Ltd: wholly owned subsidiary of ASX listed Collins Foods Ltd, Market Cap of $1.15 billion (August 2020)
+ Long proven performing KFC store established 30+ years
+ Massive year on year sales growth - trading well above turnover threshold
+ Annual rent reviews plus generous 5% of turnover above threshold
+ Tenant pays all usual outgoings as per lease
+ Modern 300 sqm building including thriving drive thru
+ Irreplaceable 1,828 sqm Local Centre – ‘Precinct’ zone corner site
+ 14 car parks on title, plus seamless integration to adjoining shopping centre
+ Prime corner on major retail strip with 33,000+ vehicles passing daily and 35,964 residents within 3km
+ Blue chip location opposite Morayfield Shopping Centre (159 retailers/6.2M visitors pa), First Choice Liquor and close to Bunnings, McDonald's, Supercheap Auto, Hungry Jack’s etc
+ Morayfield - Established residential suburb 40km from Brisbane CBD, part of Moreton Bay Region which is forecast to have a 50% population growth to 690,000 by 2041.
+ Net Income: $269,608 pa + GST
For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September
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Property ID: 503627114Last Updated: 8 Nov 2023
Burgess Rawson - BrisbaneLevel 12, 127 Creek Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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