Investors will have the rare opportunity to secure a Bunnings investment for under $25 million when Burgess Rawson holds its final portfolio auction for the financial year.
The Bunnings investment will headline Burgess Rawson’s largest portfolio of properties ever assembled when 31 properties totalling $150 million go under the hammer on the one day in Melbourne on 23 June.
Melbourne Director Billy Holderhead said that the portfolio is the most comprehensive on the market, offering diversity in properties, as well as price point.
“With most essential service sectors represented - childcare; fuel; fast food; government; supermarkets – and price expectations from $750,000 right through to $19 million, this portfolio truly showcases the strength of commercial property.”
The new Bunnings warehouse located in a booming growth corridor of south east Queensland is a clear example of Bunnings’ ongoing store network expansion plans.
“The average freestanding Bunnings sale price since January 2020 is $51 million,” said Mr Holderhead. “So, to offer a newly constructed property with a brand-new lease for circa $19 million is exceptional. This is a great opportunity to secure a property with arguably the best tenant in the retail freehold investment market.”
Melbourne Director and childcare specialist Adam Thomas added that the spotlight will be on childcare once again, following 100% success rates across all auctions in 2021.
“The childcare investment market has started the calendar year with record results and yield compression,” said Mr Thomas. “While childcare investment had been traditionally seen as a specialist asset class, experienced commercial investors are increasingly looking at childcare, driving even more demand in the first quarter.”
The June portfolio comprises six childcare investments across Victoria, Queensland and Western Australia with prices ranging from $2 million - $7 million.
In a first for Burgess Rawson, Queensland investors will have the opportunity to bid on the portfolio from the Hilton hotel in Brisbane.
“The Hilton is our new home ground in Brisbane,” said Mr Holderhead. “With increased demand from Queensland investors, we are now offering a complete auction room experience with the auctioneer relaying bids to the main auction room in Melbourne.”
Burgess Rawson’s next Portfolio Auction will be held on Wednesday 23 June at Crown Casino, Melbourne and the Hilton Brisbane. For further details visit burgessrawson.com.au or call 9613 0400.
Content and Image courtesy of Burgess Rawson
