This article is from the Australian Property Journal archive
FAST food giant KFC has leased a prime property on the corner of Carlisle and Acland streets.
Fitzroys’ James Spencer negotiated the lease for over 90 sqm at 70A Acland Street, St Kilda.
KFC has signed a five-year lease with a five-year option, at $80,000 per annum net. KFC is currently undertaking its fit-out at the base of the apartment complex.
“KFC wanted to capitalise on being in a prime location opposite Luna Park and McDonald’s, the new Palais Theatre, close to St Kilda beach and at the top of the popular retail and nightlife precinct of Acland Street,” Spencer said.
“The recent conversion of Acland Street into Melbourne’s newest pedestrian mall made this property a sought-after prospect. It has enhanced the vibrancy of the strip, which remains a popular tourist destination for interstate and overseas travellers, as well as Melburnians, and brought an added buzz to its thriving food and beverage and nightlife offering.”
Australian Property Journal
