Property Listings – VIC
BURGESS RAWSON’S LIVE PORTFOLIO AUCTION INMELBOURNE.
VICTORIA
An extraordinary 23 out of 24 properties sold under the hammer generating a 96% clearance rate. Ms. Ingrid Filmer, CEO of Burgess Rawson, stated that the yield gap between Metro Melbourne and Regional is now closing at an alarming rate.
“The results for the two dealerships in Echuca were a stand- out with the Toyota freehold selling almost 23% over reserve. Fast food was also a top performer with KFC in Seymour selling for $4,250,000 and a yield of 3.79% together with a secure 10 year lease. Another impressive result was the Sarah Sands Hotel in Brunswick, Melbourne. It sold for $8,750,000 with a 4.19% yield.
“Our portfolio auctions are setting the market,” stated Ms. Filmer “They take place every 6 weeks and the results are the most up to date pricing and indication of the market. We have had up to 5000 people tuning into our auctions as they are using them to not only purchase but also witness the market over this national 3-day event which delivers a snapshot across Australia.”
56 –April / May 2022
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