The property housing Red Rooster in Spalding is for sale for $1.32 million through agents Knight Frank.

It is leased to Australian Fast Foods Pty Ltd, operator of Red Rooster, on a 10-year lease until July 2016, with a 10-year option.

Knight Frank director Tony Delich said the property presented a rare investment opportunity in one of WA’s fastest growing regional locations.

He said the lease to one of the country’s foremost fast food operators provided excellent security of tenure and a “set-and-forget” blue-chip foothold into the booming Mid West.

“With a net rental of more than $109,000 per annum and a selling price of $1.32 million the property shows a net return to the potential purchaser of 8.27 per cent,” Mr Delich said.