Business
10 September, 2025
$5.81m fast food sale is finger licking good
A FIRST-time commercial investor has acquired the recently constructed KFC at Gordonvale for $5.808 million, reflecting a 4.76 per cent yield.
Located at 130 Fisher Road, Gordonvale, the property has a prominent position along the Bruce Highway, about 22km south of the Cairns CBD.
The sale was managed by CBRE’s Harrison Coburn via an on-market expressions of interest campaign, which generated 218 direct enquiries, with the vast majority coming from new entrants to the market.
Six competitive offers were received at the close of the campaign, with the property ultimately secured by an interstate investor.
The property is adjacent to the Woolworths Gordonvale Shopping Centre and is alongside a future McDonalds drive-through, forming a key part of a growing retail hub in the region.
Mr Coburn said the transaction highlighted continued investor demand for assets in the ‘quick service restaurant’ (QSR) sector, especially those tenanted by A-grade businesses like KFC.
“This asset attracted significant interest due to its rare 15-year net lease, strong depreciation benefits and its strategic location within a town centre precinct,” he said.
“It reaffirms the strong demand for brand new QSR investments that are regionally located from the private investor sector.
“Investor appetite for new QSR assets remains robust, driven by limited new supply, elevated construction costs and interest rates trending in the downwards direction.”
