Brand-new KFC investment leased to ASX-listed tenant
Elders Commercial, in conjunction with CBRE, is pleased to present 2/9 Commerce Drive, Howrah, a brand-new KFC investment adjoining the Coles-anchored Glebe Hill Village Shopping Centre.Secure long-term income: Brand-new 15-year lease to 2041, with options extending to 2066 and fixed 3% annual rental increases.
ASX-listed tenant: The property is leased to Collins Foods Limited, one of Australia’s largest restaurant operators.
Purpose-built asset: A 275 sqm* freestanding restaurant with dual-lane drive-through, positioned on a 1,451 sqm* title with 14 on-site car parks.
Strategic growth location: Positioned within a major Eastern Shore growth corridor, with approximately 3,800 new homes planned or underway in the surrounding area.
Strong investment return: Net income of $279,696 p.a.* plus GST.
The property is one of three brand-new investments within the centre and will be offered for sale individually by Investment Portfolio Auction at 10:30 am AEDT on Wednesday, 9 December 2026, at Crown Casino, Melbourne.
For further information, please contact George Burbury or James Black.
*Approximate
Features
General Features
- Commercial Type: Retail
- Building Area: 275sqm
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