Dalby Supercheap Auto sells for $2.425 million at auction held by Burgess Rawson Real Estate
A prime piece of commercial real estate along Dalby’s main street has sold at auction for a cool $2.425M to a local buyer.
Burgess Rawson Commercial Real Estate’s Craig Chapman said the sale brought a yield of 6.43%, which was “very impressive” for a regional asset.
“It was very hotly-contested, the auction,” he said.
“The sale hasn’t been finalised but we had a fair few dial into the auction on the day.”
Mr Chapman said in September the site had been “decked out” recently with new renovations, and would rival any hardware stores in Brisbane.
“The whole shop has brand new specs, with new lighting, shelving, and more … it’s like stepping into a Super Cheap in the middle of Brisbane,” Mr Chapman said.
“Anything to do with automotive, home renovations like Ideal Electrical and Bunnings have been going absolutely crazy,” he said.
“A business like this will be there for a long time, and generally won’t move once they have a spot like that in the CBD.”
Mr Chapman wouldn’t reveal who the lucky buyer was, but confirmed to the Dalby Herald they were locals.