Day 1 of Burgess Rawson’s Portfolio Auction 176 delivered a strong set of results, with buyers turning out in force for premium commercial assets across multiple sectors.
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%.
Mr Parker said, “we’re seeing continued demand for assets with long-term leases to nationally recognised tenants.
“Whether it’s early education or essential retail, investors are chasing security in today’s market,” Mr Parker added.
The event shifts to Crown Casino in Melbourne tomorrow where a range of early education and convenience retail are available.
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