Burgess Rawson launches its second major commercial property portfolio event for 2024
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19/03/2024
The latest campaign is as big as ever and will appeal to investors seeking prime opportunities in healthcare, early education, fast food, government, industrial, and retail sectors to be sold at Burgess Rawson’s Portfolio Investment Auction 167.
Burgess Rawson has launched its second major portfolio event for 2024, showcasing a diverse range of premium assets across the country.
The latest campaign is as big as ever and will appeal to investors seeking prime opportunities in healthcare, early education, fast food, government, industrial, and retail sectors.
Several big ticket assets are being offered for sale via Expressions of Interest campaigns with the bulk to be sold at Burgess Rawson’s Portfolio Investment Auction 167. The auction events will kick off at the Sydney Opera House on March 26, then to Melbourne’s Crown Casino on March 27 concluding at The Hilton in Brisbane on March 28.
Burgess Rawson National Partner, Yosh Mendis said investors will be presented with a compelling opportunity to tap into the thriving healthcare sector, with a number of properties offering unique advantages.
The event includes three significant properties primarily leased to successful operator, Lumus Imaging, a respected national subsidiary of Healius Ltd. The presence of Lumus Imaging as a tenant underscores the stability and reliability of this investment opportunity, ensuring investors of sustained returns and long-term viability. The assets on offer will appeal to seasoned investors with rents ranging from $375,990 to $1,476,502 coupled with favourable annual rent reviews fixed at 3.0%.
In South Australia, the asset at 1 Addison Road, Pennington offers the benefit from not having to pay stamp duty tax, further enhancing the attractiveness of the property.
In Victoria, the portfolio includes two properties situated in the densely populated Bridge Road, Richmond precinct. These assets are strategically positioned in one of Melbourne’s most coveted health precincts and are also leased to Lumus Imaging.
Fast food is high on the menu with offerings including McDonald’s in Cardiff, Guzman y Gomez in West Tamworth, Hungry Jack’s in Ormeau and a KFC, Domino’s and Ampol outlet in Marsden
Mr Mendis said fast food investments are the most sought-after asset classes with recent sales achieving yields of around 4.25 per cent.
The campaign is also offering a number of early education centres across the country including the Young Academics Centre in Mays Hill which has an income of $571,650 and G8 Education in Yanchep WA and a Guardian Childcare Centre in Banksia Park, Adelaide.
A portfolio of three Melbourne early education centres leased to Guardian, Children First and Story House are being offered for sale via an Expressions of Interest campaign.
There is also a mix of retail, banking, convenience retail, automotive, industrial and large format retail available.
Burgess Rawson’s first campaign for 2024 saw more than $70 million in transactions as investors jostled for premium assets with health dominating the program.
Commo