Record Sale

Tumut’s KFC store has sold for $2.63 million at a recent investment portfolio auction on a yield of just 4.39 per cent – the sharpest yield in history for a regional KFC sold on-market in Australia.

Sales executive Beau Coulter, from commercial agent Burgess Rawson, explained that the higher the yield figure is, the lower the sale price becomes.

“Yield is a reflection of risk, so the lower the yield means more interest and less risky,” Mr Coulter said.

The business has been leased as a KFC for the past 27 years and, with a renewed 10-year lease in place to Australian KFC operator Collins Foods, the property was sold to a private investor from Canberra.