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