Burgess Rawson offers 80 properties from $550,000 through to $60 million in November


Investors will vie for a broad range of big brand tenanted commercial assets next month as Burgess Rawson announces it much anticipated November portfolio.

High profile brands such as KFC, Coles, Woolworths, Dan Murphy’s, Liquorland, IKEA, Viva Energy and Kmart will headline a large line-up of 68 properties ranging in price from $550,000 to more than $17 million.

The remainder of the portfolio includes premium assets for sale via Expressions of Interest or Private Sale with price expectations ranging from $1.5 million to $60 million. This includes ALH Group’s Pacific Pines Hotel on the Gold Coast in Queensland; the Varsity Lakes Tavern in Burleigh Heads, Queensland; a Ford dealership in Ringwood, Victoria; and the iconic Fyshwick Markets in Canberra which is anticipated to sell for circa $60 million.

Burgess Rawson Head of Agency Darren Beehag said that the breadth of property types on offer will have wide appeal.

“Not only is this our largest line-up to date, the diversity and price range is outstanding,’ said Mr Beehag. “After our last auction, we estimate that there are more than 500 unsatisfied bidders and more than $1.5 billion in undeployed capital. We expect plenty of interest as buyers are eager to invest.’

Joint Head of Agency Andrew Havig added that the depth of the buyer pool continues to build.

“Investors that have become disillusioned with the volatility of other investment classes are turning to commercial property,’ said Mr Havig. “We were particularly delighted by the response to our September campaign. We saw a huge number of cross border transactions with most properties purchased sight unseen.’

National Head of Agency Adam Thomas agreed, saying that the inclusion of 12 childcare investments highlights the enormous demand for coveted, essential service asset class.

“This is the largest line-up of childcare assets we have ever brought to market,’ said Mr Thomas. “And l can comfortably say they are the best childcare investments to hit the market this year.

“The key attributes that investors are looking for in childcare assets are all there, including long leases of up to 20 years; 3-4% annual rent increases; and highly reputable operators. These are well run services and, in many cases, they boast 100% occupancy and extensive wait lists.’

The stellar line-up includes Advance Childcare centres at Pascoe Vale South and Wantirna South in Victoria; a three storey, state-of-the-art centre in Bulleen, Victoria leased to Kids Club; a development opportunity in Greenbank, Queensland; and a high profile Imagine Childcare centre in Dubbo, NSW that includes at 20-year lease.

This portfolio follows the huge success of Burgess Rawson’s September auction events that saw 49 properties transact for a combined value of $189 million on a blended yield of 4.70%. Several record results were achieved including Affinity Childcare at Umina Beach that achieved the lowest yield ever achieved for a childcare asset in NSW, selling for $7.5 million (2.99%).

Burgess Rawson’s next auctions will be held in Sydney on 9 November; Brisbane on 10 November and Melbourne on 11 November with bidding available by phone, online or in person at state offices not impacted by COVID restrictions.