Essentials fuel investor demand

Four South Australian properties, including two Shell petrol stations, will feature in next week’s $165m portfolio auction by Burgess Rawson.

A total of 52 properties across the country will go under the hammer in a twoday national auction event starting on August 3.

Fuel and fast food assets including United, Viva Energy, KFC, Domino’s and Hungry Jack’s sites across the country will all be on offer to investors.

South Australian properties listed for sale include petrol stations leased to Viva Energy in Queenstown and Parafield Gardens, and a recently refurbished property in Mount Gambier anchored by major tenant ANZ.

An industrial site in Para Hills is the fourth local listing, offering a recently renewed eight-year lease to AMA Group, with an eight-year extension option.

Burgess Rawson national director Jamie Perlinger said essential service assets continued to drive 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,” he 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 portfolio auctions this year have achieved an average clearance rate of 90 per cent, divesting more than $750m worth of commercial property on behalf of vendors.

Mr Perlinger said service station values had held firm in the wake of Covid-19.

The two-day auction event will be held on August 3, at 10.30am Adelaide time, and on August 4, at 10am Adelaide time.

Bidding is available via phone and online.