Childcare sector bounces back from ‘glut’
Childcare centre activity is recovering after a year in which deals and valuations were constrained by fears of an emerging glut in some geographies and teething troubles for the tweaked federal fee subsidy scheme. But while lenders are again willing to lend to the sector, tenants are becoming more selective amid reports of overzealous landlords […]
$70m 7-Eleven Portfolio
7-Eleven is set to offload another $70 million-plus portfolio of service stations across Australia. The auction marks the final tranche of the 7-Eleven petrol station assets, after selling 15 outlets in October for a combined $75 million. Worth an estimated $1.3 billion, Russell Withers and his late sister Beverly Barlow opened the first 7-Eleven store […]
Winning bid stumps rivals
A property investor clean bowled rival bidders to secure a newly-developed car wash asset in the Brisbane-Gold Coast growth corridor. And while inking the $2.245 million deal, the Melbourne-based buyer also scored a personally signed bat from an Australian cricketing great. The Pimpama property was sold under the hammer with a new 10 year option […]
Caboolture servo sells for $5.585m
An interstate investor has snapped up Caboolture’s 7-Eleven petrol station for $5,585,000 on a 6.09% yield at Burgess Rawson’s Flagship Portfolio Auction last month. Sitting on 1,507 sqm, the 62-64 Beerburrum Road service station is secured with a brand new 15-year lease to 2032 with options to extend until 2047 and returns an annual net […]
Tassie’s economy? She’s apples
Australia’s smallest state is punching well above its weight economically, making the Apple Isle a compelling option for commercial property investors in 2020. The January Commsec State of the States report ranked Tasmania first on relative population growth, housing construction and home-price growth, housing construction and home-price growth. In the year to December, home prices […]
Buy this 7-Eleven and make Dreamworld your neighbour
A 7-Eleven next to the iconic Dreamworld theme park is poised for a thrilling next ride when it goes to auction as part of a very special auction event this month. The property at Coomera on the Gold Coast is among 18 7-Eleven properties set to be auctioned on one day, with another Queensland property […]
Melbourne investor buys up new Hoppy’s Carwash in Pimpama in $2.245m deal
A Melbourne investor has cleaned up the competition, adding a new Pimpama carwash to his portfolio in a $2.245 million deal. The 27 Dixon Drive property was sold by Bobby Pty Ltd, associated with Brisbane investors Michelle Chu and Hong-Jong Ku, which also developed the United Fuel station adjacent to the carwash sold for $16.35 […]
Exciting opportunity to snap up major chain store
A major convenience and fuel company is preparing to auction off one of its Sunshine Coast locations that is set to benefit from rapid growth in the region. 7-Eleven on Nambour Connection Road is one of 18 properties that will be auctioned within one day this month, including the successful Coomera store next to the […]
7-Eleven auction sell off
Australia’s largest convenience and fuel retailer 7-Eleven Australia will auction off 18 sites this month in what’s expected to be a hotly anticipated auction. The east coast sites will be sold off individually through Burgess Rawson on February 25, with auctions in both Sydney and Melbourne. The sites – six in NSW, two in QLD, […]
New year, new servos offering
JUST a few months after reaping $78 million from the sale of 15 service stations, Bill Withers has listed a final tranche of 7-Eleven sites along the east coast for another portfolio auction event. The latter part of 2019 saw activity in the fuel and convenience asset class go up a gear. As well as […]