Service stations dominate Burgess Rawson Sydney portfolio auction schedule
Four service stations, two childcare centres and properties with medical, government and retail tenants are among the 17 assets scheduled to go under the hammer at the Burgess Rawson portfolio auction in Sydney tomorrow, August 2.
In June, the Burgess Rawson portfolio auction of 18 properties in Sydney generated sales of $45 million and an 84 per cent clearance rate as investors rushed to acquire well-leased commercial property before the end of the financial year.
A property in Wonthella, WA is also on the August 2 Sydney schedule. Another 15 properties will go to auction in Melbourne on Wednesday, August 3.
Batlow
Photo: Supplied
A Shell-branded service station on a new 15-year lease, plus a five-year option to 2035, with a newly refurbished convenience store.
Berry
Photo: Supplied
A corner site in the centre of town with a Shell-branded service station on a 10-year lease, plus options to 2040.
Bowral
Photo: Supplied
Main-street investment opposite Woolworths leased to Australia’s biggest women’s clothing retailer, Specialty Fashion Group.
Camperdown
Photo: Supplied
Established liquor store investment on the city fringe. Leased until 2019 to Camperdown Cellars, which has eight stores in Sydney, plus five-year options until 2029.
Cessnock
Photo: Supplied
This new service station investment opened in June 2016. Surrounded by major supermarkets and fast-food retailers, it is leased to 7 Eleven until 2031 with options to 2041.
Dubbo
Photo: Supplied
A brand-new childcare facility on a 20-plus-10-year lease to Green Leaves Early Learning until 2046. The site is 800 metres from two primary schools.
Frenchs Forest
Photo: Supplied
Technology company Fuji Xerox has just renewed the lease until 2020, plus an option to 2022, on this business park site close to the new Northern Beaches Hospital.
Glen Innes
Photo: Supplied
The NSW government has been a tenant since 2002 and is on a renewed five-year lease which started in April 2016. The offices, which have been recently extended and refurbished by the tenant, service the local correctional centre.
Gosford
Photo: Supplied
A modern building in the CBD leased to the NSW government until 2020, with a six-year option to 2026. The site has triple street frontage and is close to the train station.
Gosford
Photo: Supplied
The medical centre that has occupied this site since 1995 is on a new five-year lease with options. The corner site is on two titles in a medical precinct between Gosford’s public and private hospitals.
Grafton
Photo: Supplied
The landholding of 11,770 square metres is the district’s major council works depot. The tenant is on a three-year lease, plus two three-year options, and the site has long-term residential potential.
Grafton
Photo: Supplied
A subdivisible, modular CBD building with a long-established council occupancy, with the tenant on a new five-year lease, plus two five-year options. The site is close to the town hall and civic amenities.
Karuah
Photo: Supplied
BP is on a 12-year lease to 2027, plus two five-year options, in this newly refurbished service station. There is also a three-bedroom house on the 8500-square-metre site.
Merimbula
Photo: Supplied
A freehold holiday rental property with six units plus a two-storey, four-bedroom residence and a swimming pool. The site allows for possible future strata, subdivision or redevelopment.
Morriset
Photo: Supplied
Purpose-built in 2005, this modern 59-place childcare centre is on a 10-year lease to 2023 plus options to 2033. The property is in the Newcastle area, about a 90-minute drive from Sydney.
North Sydney
Photo: Supplied
A whole floor of 420 square metres with harbour and district views in a modern, refurbished building. The space has been leased to an accountancy firm for the past 17 years, with a five-plus-five-year net lease from August 2014.
Wonthella, WA
Photo: Supplied
Two national tenants, BCF and Ultra Tune, are on seven-year leases at this 12,450-square-metre site in a suburb of Geraldton, about 420 kilometres north of Perth. Adjacent to Bunnings, the site has a highway frontage of 60 metres.
