Fast Food
Regional
Stonebdridge
Sold
KFC Waurn Ponds (Geelong)
1 Enterprise Way, Grovedale, VIC 3216
Property Description
KFC Waurn Ponds (Geelong) is a Fast Food asset located in Grovedale, VIC that was sold for $3,120,000 on 21 May 2025, with the transaction facilitated by Stonebdridge. The property comprises 0 m² of building area and is situated on a 1,485 m² landholding at a rate of $2,101 per square metre. The property was leased to KFC and offered a WALE of 8.4 years, with further options extending the lease profile by an additional 10 + 10 + 10 years.
Key Metrics
Sale Price
$3,120,000
21 May 2025
Yield
—
Net Income —
Land
1,485 m²
$2,101/m²
Building
0 m²
—
Tenancy
Single Tenant
Parks —
Parking
—
Rate —
Address & Location
| Full Address | 1 Enterprise Way, Grovedale, VIC 3216 |
|---|---|
| Suburb | Grovedale |
| State / Postcode | VIC 3216 |
| Metro / Regional | Regional |
| Property ID | MBcdkQ9 |
Asset & Physical
| Asset Type | Fast Food |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $3,120,000 |
|---|---|
| Sale Date | 21 May 2025 |
| Net Income | — |
| Yield | — |
| Land Area | 1,485 m² |
|---|---|
| Land Rate | $2,101/m² |
| Building Area | 0 m² |
| Building Rate | — |
Lease & WALE
| Rent Start | 01 Jul 2024 |
|---|---|
| Rent End | 30 Jun 2034 |
| Term (input) | 10 |
| WALE | 8.35 yrs |
| Rent Reviews | Fixed 3% |
|---|---|
| Options | 10 + 10 + 10 |
| Lease Confirmed | |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Michael Collins
Stonebdridge
Tom Moreland
Stonebdridge
Rorey James
Stonebdridge