Burgess Rawson auction to shed light on buyer appetite
- TA Global to sell Little Bay Cove site worth more than $280m
- Bendigo chicken growers Hazeldenes sell Murray River farm for $8.5m
After a bumper year in 2016, childcare centres and service stations are set to once again headline the first Burgess Rawson Sydney portfolio auction of the year.
Both assets were hot-ticket items last year as yields dipped to record-low levels and offshore buyers began targeting them for their long-term stability and growth prospects.
Other highlights of Tuesday’s auction include two regionally-based, government-tenanted buildings, and two hardware stores, in Penrith and on the Central Coast.
It won’t all be commercial properties either, with a block of nine tenanted units in the NSW town of Griffith also going under the hammer. Prospective buyers will need to register if they intend to bid.
Properties up for auction are listed below in order of sale. The auction will commence at 11am. Tune in to Commercial Real Estate’s Facebook page for live coverage.
Income per annum: $57,783
This 7-Eleven in Coolangatta has an 11-year lease to December 2027. Photo: Supplied
Income per annum: $85,489
This childcare centre in Sydney’s Punchbowl has minimum 4 per cent annual rent increases and a 10-year lease to 2023, with options. Photo: Supplied
Income per annum: $34,984
Income per annum: $114,736
Income per annum: $374,300
Two John Coots Furniture stores are going under the hammer. Photo: Supplied
Income per annum: $426,889
Income per annum: $188,137
Income per annum: $66,275
Income per annum: $431,400
Income per annum: $118,723
Income per annum: $168,000
This service station is currently leased to the rapidly expanding Enhance Service Stations. Photo: Supplied
Income per annum: $118,500
Income per annum: $73,159
14. Retail site, Parkes, NSW
Income per annum: $43,719
15. NSW Health-tenanted building, Dubbo, NSW
Income per annum: $711,936
Income per annum: $59,345
Income per annum: $410,000
This supermarket anchored retail complex in Caboolture, Queensland, is set to go under the hammer. Photo: Supplied
Income per annum: $35,865
Income per annum: $666,688
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