Although CIP #3 is a couple of years off yet, as usual, passing the time on realcommercial and the Burgess Rawson monthly auction listing, and thinking of where to go to next.....
There are quite a few KFC's, Hungry Jacks etc.. buildings going up for auction as of late.
Does anybody here own any such or similar investments, and what are the pros and cons.
Pros to me would be pretty stable tenants, long term leases, and cashflows. Australia is only getting fatter!!
Cons would be very limited alternative use and I assume some hard negotiations for capital works at the end of the long leases.
Would this be a fair assumption? Any experiences people can share?
How do lenders view these lends? General 30 - 35% CIP deposits, or a specialised use?