Queensland
A recently opened regional Bunnings store was sold to a private investor from New Zealand at the Melbourne leg of Burgess Rawson’s 152nd portfolio auction. The landholding of 15,430sqm sold for a 4.29% yield.
Burgess Rawson agents Billy Holderhead, Campbell Bowers, Darren Beehag and Beau Coulter were responsible for the sale.
Australian investment trust Dexus have sold a Puma Energy petrol station in Kedron 3.9% over its last book value, in conjunction with a sale of another Puma Energy property in Bundaberg West, that property selling for $2.57million. Dexus are also currently in advanced negotiations regarding “the potential sale of a third property’, according to the fund.
Burgess Rawson’s Campbell Bowers and Peter Uebergang, along with Matthew Wright and Rick Jacobson, were the agents for the deal.
South Australia
Burgess Rawson were responsible for the successful sale of a prime, 6,461 sqm landholding in Victor Harbour. The property is home to five shops and is anchored by a Drakes Supermarket outlet. With the residential population of Victor Harbour set to increase 32.73% by 2031, sales agents Shaun Venables and Adam Thomas were able to secure a 4.94% yield on this secure, promising premise.
Tasmania
The Capitol Health facility at 198-200 York Street, Launceston was sold for a 4.75% yield at the Melbourne instalment of Burgess Rawson’s portfolio auction. The two-storey building holds 540sqm, and has been recently refurbished and extended to incorporate a new customer reception, multiple consulting rooms, offices, staff room and amenities.
The stability of the ASX listed Capitol Health, who possess a secure 8 year lease for the site, attracted a healthy sale for Burgess Rawson agents Shaun Venables and Matthew Wright, as well as Launceston agent David Webster, from Knight Frank.
Development Ready