84-90 Princes Drive, Morwell, VIC, 3840

Ray White Retail is pleased to present 84-90 Princes Drive, Morwell VIC for sale by Auction on Wednesday 14 October at 10:45am (AEDT) at Level 28, 35 Collins Street, Melbourne.

| WHAT |

• Single-tenanted KFC drive-through investment

• Securely leased to Southern Restaurants Group, Australia's largest privately owned KFC franchisee group

• Rare ground lease structure, providing an exceptionally low-management investment

• Current rental significantly below prevailing market levels, providing substantial future income upside

• Market rent review in June 2027 providing an immediate opportunity to unlock rental growth

• Net Income of $72,480 + GST p.a.

| WHERE |

• High-profile 2,525 sqm corner landholding* with extensive exposure across three street frontages

• Highly flexible Commercial 2 Zone (C2Z)

• Generous on-site parking for 41 vehicles

• Strategically positioned within Morwell's major retail and commercial activity precinct, generating strong and consistent daily traffic

• Adjacent to the Mid Valley Shopping Centre precinct, a key retail destination servicing Morwell and the broader Latrobe Valley

• Approximately 150km east of Melbourne*, within the major regional centre of Latrobe City

| WHY |

• KFC has occupied the site for more than 20 years, demonstrating proven and established trading history

• Long-term lease structure incorporating 6 x 5-year options extending through to 2057

• Tenant responsible for all usual property outgoings including building maintenance, providing a genuine set-and-forget investment

• Significant positive rental reversion potential, with the current rent materially below market

• Highly sought-after standalone fast-food investment combining a globally recognised brand, established trading location and significant future income upside

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