Deals Of The Week

15/05/2022

Queensland

Mount Isa – $16.202million

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.

Kedron – $4.31million

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

Victor Harbour – $8.62million

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

Launceston – $2.455million

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