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Burgess Rawson offers huge $147M Auction Portfolio to conclude 2020
Posted by Commercial Ready on Dec 03, 2020

National commercial property agent Burgess Rawson is concluding 2020 with its largest Portfolio Auction campaign on 8 and 9 December.

With an expected combined value of more than $147 million, a huge portfolio of 45 commercial properties will be brought to market.

Burgess Rawson Melbourne Director Raoul Holderhead said the portfolio includes the likes of 7-Eleven, Starbucks, Viva Energy, Red Rooster and Dan Murphy’s.

“This is a true blue-chip portfolio including well known brand tenants, new constructions and long-term leases,” said Mr Holderhead. “With properties across the eastern seaboard, this is a fantastic view of the very best on the Australian market right now.”

Essential services will dominate the auctions including retail fuel, fast food, childcare, medical, liquor and banking.

Burgess Rawson Sydney Director Dean Venturato said that price expectations range from $500,000 to $11 million, ensuring the portfolio will have wide appeal.

“The breadth of the listings is unparalleled right now,” said Mr Venturato. “There is a large number of underbidders from previous campaigns that are keen to secure an investment before the end of the year. This includes entry level investors right through to those in the sub $12 million bracket.”

Mr Venturato said that the iconic Portfolio Auctions have always been a solid litmus test of the commercial property market.

“Demand for high quality freestanding or single tenanted properties has intensified over the past 12 months.

“Properties leased to tenants that have traded through the various stages of lock down and leased to essential services, Government, fast food or ASX-listed tenants are most sought after.”


Mr Hoolderhead added that there is a groundswell of excitement for this final campaign of the year.

“As a business, we have navigated COVID restrictions successfully and our clients have adapted,” said Mr Holderhead. “Our data shows that investors embraced changing conditions such as online bidding and virtual inspections to secure their investments.”

Mr Venturato agreed stating that with restrictions easing and borders reopening there is a renewed sense of optimism.

“Interest in this portfolio is strong. We are looking forward to ending 2020 on a high note after what has been an extraordinary year.”

VICTORIAN PROPERTIES
7-Eleven: Maidstone
7-Eleven: Mulgrave
Dili Bakehouse: Craigieburn
Office Complex: Bendigo
United Petroleum: Kew
Treasure Hunters: Colac
Childcare Investment: Melton
Childcare Investment: Cranbourne West
United Petroleum: Cranbourne North
Cheap as Chips: Bairnsdale

NEW SOUTH WALES PROPERTIES
IGA/Metcash: Yass
Viva Energy: Maitland
ANZ: Queanbeyan

QUEENSLAND PROPERTIES
Bridgestone: Berrinba
Starbucks: Berrinba
Viva Energy: Ingham

The Sydney Portfolio Auction will be held on Tuesday 8 December with the Melbourne Portfolio Auction on Wednesday 9 December.
Bidding is available online, via phone or in person. Further details and a full selection of the properties can be found at burgessrawson.com.au



Charter Hall has traded 65 Berry Street in North Sydney for $212 million following a direct offer from local fund manager Intera Group. The sale of the office tower achieved a 10% increase on its 30 June 2020 book value; The Melbourne Square Shopping Centre has changed hands from OSK Group to Primewest’s Daily Needs Retail Trust (PWG) for $70 million; Prime Space Projects has sold Osborne’s Centre of Defence office with an adjoining tract for $48.25 million; plus more
A new drive thru Starbucks in Queensland selling at a record yield of 4.2% set the tone of commercial property agent Burgess Rawson’s final Portfolio Auction of the year in Melbourne today.
Lendlease have secured another 25% of 1 Farrer Place, a Sydney CBD landmark, from GPT Group for $584.6 million (in line with its most recent book value); a deal that demonstrates the resilience of trophy towers; Perth-based property syndicator Kerching Capital has realised $12.6 million from the sale of the Sandstone Point Village neighbourhood centre in Brisbane’s north; The Elanor Healthcare Real Estate Fund has acquired a new asset for its portfolio, this time splashing out $22.9 million for a multi-tenanted medical facility in Rockingham; plus more.