Top tier fuel and fast food assets including United, Viva Energy, KFC, Domino’s and Hungry Jack’s are headlining Burgess Rawson’s $165 million Portfolio Auction in August.
A total of 52 premium assets will go under the hammer in a two-day national auction event.
Burgess Rawson National Director, Jamie Perlinger, said essential service assets continue to fuel investor demand.
“Service stations, childcare centres and fast food retail have all demonstrated a resilience to market impacts that many other assets haven’t been able to achieve,” Mr Perlinger said.
“As a result, we are seeing the emergence of a new subset of highly motivated investors looking to deploy surplus capital into these niche asset classes, who might have traditionally invested in the residential sector or shares.”
The two-day sales event will be Burgess Rawson’s fifth and largest investment portfolio auction of 2021.
Burgess Rawson’s auctions throughout the year have achieved an average clearance rate of 90%, divesting more than $750 million in commercial property sales on behalf of vendors.
Mr Perlinger said service stations values have held firm in the wake of COVID-19, with declining public transport use and an increased dependence on car travel, coupled with increased domestic holidays, bolstering demand.
“Their classification as an essential service, combined with secure, long-term lease profiles, have made service stations a highly attractive asset class,” he said. “Blue-chip investments in the banking and government office sector also remain hotly contested among investors.”
Service stations in Victoria (Braeside and Somerton); Tasmania (Sandy Bay); South Australia (Queenstown and Parafield Gardens); NSW (Lithgow and Tamworth) and WA (Ravenswood) are among the properties going to auction next month. Other assets include government offices, an ALH Pub in inner-Brisbane, NAB and ANZ investments, and Australia Post, Chemist Warehouse, and Bridgestone retail stores, with values ranging from between $450,000 and $11 million.
The two-day August auction event will be held in Sydney and Brisbane at 11.00am AEST, Tuesday 3 August and in Melbourne and Brisbane at 10.30am AEST, Wednesday 4 August 2021.
Bidding is available via phone, online or in-person at Burgess Rawson’s auction rooms at Crown Casino Melbourne and the Hilton Brisbane.
For Sale - 402-404 Lower Dandenong Road, Braeside VIC
