Melbourne’s western growth corridor set for success while childcare investments steal the show

Childcare investments stole the show in Burgess Rawson’s latest Portfolio Auction campaign, with investors quick to swoop on three properties leased to some of Australia’s premier operators.

Also achieving highly successful results at auction were the longstanding regional Autobarn outlet in Shepparton and a near-new retail property leased as an Indian restaurant on a prime corner site in Truganina.

“There’s a massive and growing population in the overall western growth corridor, and commercial property in centrally located Truganina is going to be an absolute winner,” said Burgess Rawson director Shaun Venables.

The result comes just months after two neighbouring properties in Truganina achieved equally impressive results in a previous Burgess Rawson campaign.

An UltraTune fetched $1.52 million when it was put up for sale in October, while a dental clinic sold on the same day for $760,000.

The impressive results came less than 24 hours after Burgess Rawson successfully sold by auction the portfolio of 18 7-Eleven outlets on a sale and leaseback arrangement with the convenience retail giant.