Burgess Rawson’s Portfolio Auction Event 171 realised $61.8 million in transactions as investors swooped  in on auto, early education and fast food assets.

Burgess Rawson’s Portfolio Auction Event 171 realised $61.8 million in transactions as investors swooped  in on auto, early education and fast food assets.

The auction concluded in Brisbane which recorded a 100 per cent strike rate with $25.185 million exchanged on the day.

The highlight was the Edge Early Learning Centre in Andrews Street, Cannon Hill which transacted for $8.7 million reflecting a sharp yield of 5.43 per cent.

Burgess Rawson’s Queensland Partner, Adam Thomas said there was strong interest throughout the campaign adding, “early education assets continue to be highly sought-after.’

The Goodstart Early Learning and retail centre in Heatley sold prior to auction for $4.875 million. Another highlight at the three-day event was the portfolio sale of three Bridgestone assets in Queensland and Victoria totalling $7.935 million.

The Bridgestone asset in Condon sold for $1.9 million on a yield of 5.81 per cent while the Rocklea asset sold for $2.73 million showing a yield of 7.84 per cent. At Kilsyth South in Victoria, the Bridgestone-leased property sold for $3.305 million reflecting a sharp yield of 4.15 per cent, the lowest yield achieved at the three-day event.

Burgess Rawson’s Neville Smith said the auction event showcased the increasing interest in automotive  assets, driven by tightening yields and strong market fundamentals.

“This year, we’ve observed a significant uptick in automotive sales activity, which is directly aligned with  the broader increase in car sales across the country.

“Investors are recognising the value in securing assets within this sector, especially as consumer demand  continues to grow and the automotive industry remains resilient. These Bridgestone assets, with their  strong lease covenants and prime locations provide long-term rental security to the new owners.’

In Sydney, a total of $18.214 million was exchanged with the highlight being the $5.83 million sale of the Hungry Jack’s at Tighes Hill. The sale price reflects a stellar yield of just 4.99 per cent. Melbourne recorded $17.261 million on the day.

Commo