Leading investment property specialist Burgess Rawson is hosting its third Flagship Portfolio Auction of the year on Tuesday 11 May at the Yallamundi Rooms, Sydney Opera House, where a range of in-demand assets will go under the hammer from 11:00am.
As is normal, investors are spoilt for choice with a number of premium, brand name tenants and some of the best investment properties available.
Once more Sydney assets are well represented, with a sought-after Pizza Hut in Waterloo, a strong performing 7 Eleven service station on the busy Hume Highway in Lansvale and a L J Hooker investment in Neutral Bay. The ever-popular bank investments are represented by the CBA in Batemans Bay.
“We are seeing some of the strongest enquiry in many years right now, and buyers are coming forward to make sure that they don’t miss out on quality opportunities,” says selling agent Michael Gilbert.
In the bulky goods sector, there is a Harvey Norman store in Armidale, where the lease has just been extended for a further 7 years with a 5-year option to extend.
Buyers looking to invest in the nation’s capital will be impressed with the lifestyle and fitness investment leased to HIIT Republic, part of ASX listed Viva Leisure, located in the fashionable ACT suburb of Philip.
Further afield there is a high yielding Harvey Norman store in Broken Hill as well as other high yielding investments located in Grafton and Kempsey.
Giving an indication as to just how hungry property investors are for sought-after strong investments, a car yard in Narrabri and a BP branded service station in Uralla have both sold before auction.
The BP service station located in Uralla, which is south-west of the city of Armidale, was eagerly snapped up by a Sydney investor for over $2million with the Narrabri car yard selling to a Brisbane-based investor for $1.92million.
Investments will go under the hammer at 11am Tuesday 11 May at Yallamundi Rooms, Sydney Opera House.
For more information, Burgess Rawson Sales Director Michael Gilbert can be contacted on 0430 024 790 or via email at [email protected].