Hamilton office leased to two governments sells for $6.75 million

An office leased to the Morrison and Andrews governments in Victoria’s regional Hamilton sold for $6.75 million last Thursday. When the investment at 258-264 Gray Street was listed five weeks ago, it formed part of Burgess Rawson’s 135th monthly auction event which was scheduled to happen on Wednesday, April 1 in Melbourne. Instead, like all […]

Tarneit childcare sells for $5.45 million

A Sydney investor paid $5.45 million for a childcare centre in Melbourne’s burgeoning west this week. The three year old complex at 28-34 Marengo Road, Tarneit, returns annual rent of $316,087 (ex GST and outgoings). On that basis it is trading on a 5.8 per cent yield. Occupant Sparrow Learning will pay yearly four per […]

Burgess Rawson Portfolio Auction Update

Further to advice provided earlier this week, we reconfirm that all properties previously scheduled for Burgess Rawson’s Melbourne and Sydney Portfolio Auction 135 on Wednesday, 1 April and Thursday 2 April have been converted to Deadline Private Treaty campaigns. Melbourne’s portfolio will be closing at 1pm tomorrow, Friday, 27 March, and Sydney’s portfolio will close […]

Williamstown’s historic Stags Head Hotel hits the market

The chance to own an iconic piece of Williamstown history has been unveiled, with the century-old Stags Head Hotel up for sale. The heritage-listed hotel at 39 Cecil St presents investors with the opportunity to own one of the upmarket seaside suburb’s most famous historic landmarks, while enjoying long-term leasing options to the current operator. […]

Service station opposite Rosebud foreshore trades prior to auction for $7.6 million

A new Rosebud service station with a 15 year lease to Viva Energy, trading as Liberty, sold for $7.6 million this week. The asset, 803 Nepean Road (Nepean Highway), was scheduled for auction early next month. Viva picks up all the outgoings, including Goods and Services Tax, building insurance and land tax. However its rental […]

Sales know no limit – Sunshine Coasts’ 2020 commercial property sales hit $17m+

The Sunshine Coast has cemented its position as a key investment hub in 2020 as commercial property specialist Burgess Rawson transact six property sales totalling more than $17 million in the past two months alone. The investments span a myriad of sectors, from retail to service stations. A highly exposed 1,821 sqm 7-Eleven site strategically […]

Rising demand for new industrial land in Shepparton

Shepparton, by all accounts is burgeoning. The city is growing, investment is pouring in, industry is booming and the city is developing into a prominent regional city. As this growth happens of course, a number of things need to happen. With a growing economy, industries often need to upscale their accommodation, new buildings need to […]

Ballarat’s Bluestone going up for auction

Ballarat’s Bluestone going up for auction Ballarat’s Bluestone nightclub building will be going under the hammer on April 1. Despite a couple of attempts at being sold on the market last year, commercial agency Burgess Rawson will auction the 19th century Mair Street building in partnership with Colliers International. In a media statement, director Raoul […]

Share rout tipped to boost property interest

Commercial property buyers should prepare for extra competition at auctions as investors seek out stable assets in light of the share market volatility likely to persist over COVID-19 pandemic fears, an agency warns. The historically large sell downs across the world’s stock exchange this month signal that investors are looking for reliable places to park […]