Latest News Articles

Chapel Hill childcare centre trades for $7.66 million

A premium quality childcare centre in Brisbane’s Chapel Hill sold for $7.66 million yesterday. The double storey complex at 11-15 Moordale Street contains 828 square metres of internal area, outdoor play spaces and a 25-bay basement car park. Green Leaves Early Learning recently committed to a 15-year lease, paying annual rent of $437,720 plus GST […]

Withers family banks $77.9 million from sale of 15 7-Eleven outlets

Melbourne’s Withers family today sold a national portfolio of 7-Eleven outlets for a total of $77.915 million. The 15 properties, offered as sale and leaseback investments, with starting 12 year terms, exchanged on passing yields of between 3.82-6.07 per cent. An outlet in Melbourne’s northern suburb of Campbellfield was the most valuable – trading for […]

7-Eleven auction extravaganza nets $78m

A one-day auction extravaganza of 15 petrol stations around the country has netted convenience and fuel retailer Russel Withers’ 7-Eleven group $78 million. In tandem with Australia’s housing market picking up, recent interest rate cuts have fired up commercial property investors, with nearly 350 turning up at live-linked auction events in Sydney and Melbourne conducted […]

Seymour Woolworths to be sold for first time since 1992

Seymour’s number one supermarket is to be put up for auction for the first time in 27 years, at a time when supermarkets continue to light up the commercial property investment market. The Woolworths-tenanted property at 28 Wallis St is considered the dominant supermarket in Seymour and last sold in 1992 after being built in […]

Q&A with Lawyer Jacob Duane

Burgess Rawson Sydney Sales and Marketing Director Steve Lovison shares five minutes with Bennet & Philp Property Lawyer Jacob Duane, on the topic of purchasing property in a company structure. Steve Lovison (SL): Jacob, many potential buyers ask us about purchasing entities, often once the hammer has fallen! How common is it for people to […]

Fifteen 7-Elevens among ‘best ever’ Portfolio Auction

Could this be commercial property agency Burgess Rawson’s most impressive Portfolio Auction lineup ever? With more than 30 properties to be auctioned in Melbourne and Sydney on Wednesday, October 30, including a string of 15 prime 7-Eleven fuel convenience outlets, a Woolworths supermarket and a major large format Coles-leased liquor store, agents say it’s as […]

7-Eleven to sell 15 outlets in one-day auction

Convenience and fuel retailer billionaire Russell Withers’ 7-Eleven group will sell 15 key properties around the country in a one-day auction extravaganza that may net the business $70 million. The prominent 7-Eleven sites will be sold by portfolio auction specialists Burgess Rawson at live-linked events in Sydney and Melbourne on the last Wednesday in October. […]

7 Eleven Portfolio Auction

Investors’ appetite for fast food properties drives yields lower

A voracious appetite for fast food pushed the yield on a Hungry Jack’s in northern Victoria’s Wodonga down to 4.98 per cent in Burgess Rawson’s commercial property auctions on Wednesday. The low-growth, low-interest rate environment is pushing money into assets such as commercial real estate, driving yields lower. The 2507 sq m corner site with […]

Meet Canberra’s Project Property Marketer & Commercial Salesperson of the Year.

Canberra’s real estate professionals were celebrated at the 2019 Real Estate Institute of the ACT (REIACT) Awards for Excellence on 14 September. Among the industry’s best was Burgess Rawson Canberra’s Managing Director Guy Randell, who was named Project Property Marketer of the Year and Commercial Salesperson of the Year. For Guy, the awards recognise the […]