Claire Tyrell, of Business News, has reported on the divestment of three fast food outlets in the past three months, reflecting a strong interest in the asset class.
A McDonald’s, Hungry Jack’s and a KFC in Yanchep have all sold for a combined $13.8m, with Burgess Rawson and CBRE negotiating the deal for McDonald’s Australia, who purchased the McDonald’s building for $4.75 million, on a 3.91% yield.
Burgess Rawson WA Managing Director Chris Wiese commented on the rarity of the transaction.
“We rarely see McDonald’s (outlets) come to the market, but when we do we generally see huge demand. For this campaign we fielded over 240 enquiries and had twenty registered bidders,” he said.
“The Burgess Rawson national auction platform continues to deliver superior results for our clients.”
Read the full article online at Business News.
