A trio of leasebacks to leading retailer National Tiles along with Officeworks, The Good Guys and Liquorland will headline Burgess Rawson’s milestone 150th portfolio auctions.
More than 40 properties will go under the hammer across three auction days in Melbourne, Sydney and Melbourne to commence Burgess Rawson’s iconic Portfolio Auctions. The line-up includes properties priced from $650,000 through to $12.5 million and comprises key asset classes such as childcare, medical, office and fuel convenience.
Burgess Rawson Partner Raoul Holderhead, who has been with the business for all 150 auction campaigns, said the huge momentum from last year is set to continue into 2022.
“We are anticipating another outstanding year for commercial investment. The calibre and diversity of this line-up, with large national brands and essential service assets, is a clear indication of how buoyant the market is,” said Mr Holderhead.
“And the National Tiles properties exemplify the best of commercial investment – new, long-term leases to an iconic brand, rare security with a 6-month guarantee and guaranteed rental growth. For an investor, it doesn’t get much better than that.”
Mr Holderhead added that yesterday’s announcement from the RBA that interest rates will likely remain low for 2022 is welcomed.
“Australia’s economic indicators are solid and the Governor’s statement that the economy is expected to return to its pre-Delta path in the first half of 2022 adds confidence.”
Burgess Rawson is renowned for its portfolio auction process with events across the eastern seaboard every five weeks. Partner Darren Beehag said that portfolio auctions have wide appeal for investors and vendors alike.
“The consistent performance of the auctions and evolution of the events themselves has ensured investors have confidence in the process,” he said. “People are curious about commercial investment. In the past, the auction rooms were filled with traditional commercial investors focused on a specific sector, like fuel or fast food.
“Investors know that we offer the volume, diversity and variety of price points. In turn, the faces in the crowd at auction events have also changed over time.”
Partner Andrew Havig said that Burgess Rawson is increasingly seeing first time investors and those that typically looked at residential assets attending the auctions.
“In addition, investors that were once focused on one asset type are looking at commercial assets across the board. It is not unusual for an investor to purchase say, a fuel and convenience asset along with a childcare centre on the one auction day,” Mr Havig said.
Burgess Rawson’s next auctions will be held in Sydney at the Sydney Opera House on 22 February; Melbourne at Crown Casino on 23 February and Brisbane at the Hilton Brisbane on 24 February with bidding available by phone, online or in person at state offices.
For further details burgessrawson.com.au
