The Tumut KFC was sold to a private investor from Canberra for $2.63 million

Burgess Rawson sales executive Beau Coulter explained that low yields are good for the vendor because 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," he said.

"A higher yield isn't always a good thing, buyers think it is good because they get a greater return on investment, but the higher the yield, the more risk.

"There is always a reason as to why a yield is high, the reason being, rental amount is above market value, lease term is short, bad location etc."

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

Positioned on a small 756 square metres block of land, the KFC attracted a higher amount of interest than normal, receiving more than 250 inquiries over a month-long marketing campaign.

"This is a high level of inquiry for a single property as the average inquiry for a property would be circa 50," Mr Coulter said.

"The amount of interest was purely driven by the tenant (KFC), everyone wants to own a fast-food investment given they are pandemic-proof.

"In saying that, regional areas have become popular due to minimal effect from COVID and also typically regional assets provide a greater return."

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