Burgess Rawson Melbourne Portfolio Auction Delivers Exceptional Results with $45.775 Million in Sales, Bringing the Two-Day Total to Almost $72 Million

Burgess Rawson’s Portfolio Auction event in Melbourne proved a resounding success, with strong bidding, standout sales in Victoria, South Australia and Tasmania highlighting the continued momentum across the commercial property market.

Burgess Rawson Partner, Shaun Venables said it was stellar result with a staggering success rate of 91.66 per cent and $45.775 million transacted taking the total over the two days to $71.247 million.

Mr Venables said that with concerns around world events, share volatility and landlords losing their rights with residential property, investors are increasingly turning their attention to the easiest read in the room.

“Investors are willing to bid across borders for considerable assets and have confidence in the strength of the tenant who wouldn’t be committing to that location without significant due diligence,” he said.

In Moonee Ponds, the convenience retail asset leased to OTR sold for $11.001 million reflecting a yield of 4.38 per cent. Jamie Perlinger was the selling agent.

The IGA in Berwick sold under the hammer for $3.757 million providing a return of 5.47 per cent while the G8 Early Education Centre in Carrum sold for $3.8 million.

Entry level assets also proved popular with an Indian restaurant in Cobblebank selling for $1.042 million showing a 5.18 per cent yield while Oz Boys Pizza and Pasta sold for $775,000 on a return of 5.62 per cent.

In South Australia, the BP/X Convenience at Kings Meadows sold for $5.845 million while a Mount Gambier asset leased to Vivid Glass sold for $4.02 million.

The Sydney event achieved a total realisation of $25.472 million in transactions and an impressive success rate of 78 per cent, reaffirming investor appetite for quality, income-producing investments.

The event recorded an average sale price of $3.64 million. Competition was robust, with an average of 33 bids per property, highlighting strong engagement from buyers. The average yield came in at 5.76 per cent, while the blended yield across the day’s results was 5.63 per cent, reflecting investor confidence in stable returns.

Burgess Rawson Partner, Darren Beehag said the standout result was the $4.926 million sale of the 7- Eleven in Roselands, which secured a sharp yield of 4.32%.

Mr Beehag noted that the property achieved a result well above reserve, driven by the asset’s premium calibre, despite its short lease term.

“Well-located sites with established tenants are continuing to attract strong competition, particularly those underpinned by daily-needs spending.”

Burgess Rawson NSW Partner, Rhys Parker said the auction event also featured strong interest in the early education sector, highlighted by the $3.861 million sale of Goodstart Early Learning in Bray Park, Queensland, reflecting a yield of 3.81%.

The event shifts to The Westin in Brisbane on Thursday commencing at 10.30 a.m.