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Investor pays $4.5m for KFC Tamworth

Property Markets / Transactions


Mar 18 2017

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Carolyn Cummins, The Sydney Morning Herald

A Melbourne-based private investor has snapped up an existing KFC restaurant site in Tamworth for $4.47 million, reflecting a yield of 5.1 per cent. CBRE's Aaron Arias, Nick Willis and Justin Dowers negotiated the sale of the 413 New England Highway property on behalf of a private investor.

The property is leased to QSR, the largest franchisee of KFC restaurants in NSW, on a new 13-year lease with options until 2038.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald


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