Property Listings – NSW
BURGESS RAWSON’S LIVE PORTFOLIO AUCTION IN SYDNEY.
NEW SOUTHWALES
Burgess Rawson’s 151st live portfolio auction commenced at the Sydney Opera House with six of the 24 properties selling prior. These included 3 medical centres and 3 restaurants/cafes in Canberra.
“Investor sentiment is continuing to be extremely strong for well-leased commercial investments across all asset classes” stated Burgess Rawson Partner, Rhys Parker. Essential services assets such as KFC in Wellington, Advanced Early Learning in Merrylands and Viva Energy in Colyton achieved yields of 3.88%, 4.25% and 4.92% respectively. Books Plus in Bathurst, sold for $1,852,000 with the highest yield of 8.36% followed by Misura Furniture in Waterloo at 5.98%.
“Today clearly illustrates that the essential services sector remains to be the most hotly contested sector in today’s market with a blended yield of 4.96%.” stated Burgess Rawson Partner and Head of Agency, Yosh Mendis. Overall, there was confident bidding which led to an impressive clearance rate of 79% and a combined dollar value of $58,600,000 transacted.
42 –April / May 2022
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