Commercial Auction

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Two childcare centres were much sought after at Burgess Rawson's 100th portfolio auction in Melbourne.
The one in Hampton sold for $3.95 million and the other in Heatherton for $3.2 million.
“Both childcare centres attracted strong and competitive bidding with both Hampton and Heatherton selling on circa 5.6% yields," selling agent Adam Thomas said.
"These investments continue to be highly sought after due to the long secure leases to national tenants and are underpinned by the high underling land value coupled with the inherent value of the business.” 
The 461-463 Bluff Road, Hampton site (above) is leased for 15 years to Only About Children (OAC) till 2030, with three 10-year options.
OAC is a high-end childcare provider with 31 locations across Melbourne and Sydney's affluent suburbs, including Armadale, Camberwell, Coogee, Cremorne, Mosman, Neutral Bay and Rose Bay.
The rent is $224,985 per annum and there is a fixed annual 3% rent increase.
The tenant pays all usual outgoings.
The main road site is spread over 1,149 square metres with a 34-metre frontage and is licensed for 56 long day care (LDC) places.
The location is just 14 km from the Melbourne CBD and minutes to Beach Road and the Nepean Hwy.
It was extensively redeveloped in 2015, providing for income tax saving depreciation.
The Heatherton property sits at 16-20 Arco Lane and is leased to G8 Education Limited.
It is a new 10-year lease to 2025 with two further five-year options to 2035.
ASX-listed G8 Education is a childcare provider with 450+ centres across Australia.
The facility is built on 595 square metres and is licensed for 90 LDC places.
The land area is a 2,232 square metre commercial zoned site with 16 car spaces.
The rent is $180,000 per annum and the tenant pays all outgoings including land tax.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
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jonathanchancellor-7SQnKwU6yx

Two childcare centres see strong bidding at Burgess Rawson auction 

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Three service stations in the NSW localities of Gundagai, Wyong and Salt Ash went under the hammer at Burgess Rawson's 100th portfolio auction. 
The one at 11 Dog on the Tucker Box Road (Hume Highway) Gundagai (above) , anchored by Shell-Coles Express, fetched $7.71 million.
The 14.94 hectare site with a major truckstop facility comes with an abundance of customer parking and bus/truck access.
A KFC, Subway, a 24-hour diner and cafe make up the rest of the property.
It earns a net $646,095 pa, with the Shell-Coles station making up nearly 48% of it.
At the winning bid, the yield works out to about 8.3%.
The selling agent was Rhys Parker.
The Salt Ash centre at 2893 Nelson Bay Road is leased out to the ASX-listed Caltex and fetched $4.7 million at the auction. 
Built in 2012/2013, it is currently on a 10-year lease to 2024, with options until 2039.
The site is spread over 2,164 square metres. 
The estimated net income is $275,858 pa + GST (Sept 2015), translating to a yield of about 5.9%.
The location is on the main road and has a traffic volume of 22,800 cars per day.
The Wyong station at 140 Pacific Highway fetched $1.25 million.
It is leased out to Westside Petrol for a 10-year period to 2025 with 3 x 10 year options.
The service station is a single tenant investment and earns a net estimated $87,964 annually, giving a yield of about 7%. 
There is a fixed 3% rental increase.
The tenant pays the outgoings (excluding land tax).
Wyong has a population of 154,976 people, which is expected to rise to 220,000 by 2031 and is less than 90 minutes from Sydney.
Both the Wyong and Salt Ash properties were sold by Rhys Parker and Darren Beehag. 
Commercial properties such as service stations are a big draw with investors because of a number of factors. The initial investment in a commercial property may be higher, but so are the returns, according to a blog on Burgess Rawson's website.
Also, major players as tenants means they take care of the outgoing payments, against residential property where the costs are borne by the landlord.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
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Three service stations auctioned at yields between 6% and 8%

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A vacant office and retail premises in a boutique development in the Melbourne suburb of Ormond is heading to auction.
The property at <a id="LPlnk366891" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1AaNQHGcPbO9MN1QvQjCxKKs/RzZHCHuN+yuKWB0r84Q0zfqJMDaJsj89+mdtAueYKdRWNEKduUPi6wj8+moPWPAcH3QgWCxcKY3GDWPxcY/&amp;rh=ff004ce3d655368c39855333a640996abddf538e" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">437 North Road</a> comes with 146 square metre total building area over two levels.
It has 52 square metres of ground floor area and a 94 square metre first floor area.
It is being marketed and sold by Ray White Commercial Oakleigh Sales/Leasing and Operations Manager Ryan Amler, along with Commercial Sales/Leasing Executive Theo Karkanis.
Amler said the asset gave potential buyers great flexibility to either occupy as one or separately, with each having its own entrance," Karkanis said. 
“This is a fantastic opportunity for an astute purchaser to take advantage of a property that you can occupy or invest in. It would be the perfect addition to a SMSF.
“The property is on busy North Road in Ormond, which in itself offers great exposure to a high level of passing traffic.
“It also benefits from being within metres of the recently upgraded Ormond train station, and offers an abundance of public transport, which will be invaluable.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/11/008_Open2view_ID576313.jpg" alt="">
“There are kitchen and toilet facilities on each level, comes with an alarm system and CCTV cameras, has six individually controlled heating/cooling zones, and NBN is also available.
“There’s also the added bonus of potential sub-divide, subject to council approval.”
The auction will take place on site on Wednesday, July 3 at 11am.
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j.ballantyne1990-6AQqhLzZaK

Ormond retail and office property to go under the hammer

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Seven individual Metro Petroleum service stations spread across NSW, VIC and QLD are headed to auction, at the same Sydney in-rooms event.   Sites at Broken Hill and Cootamundra in NSW, Bonnie Doon, Rutherglen, Cann River, Great Western in VIC and Texas in QLD are all going to be under the hammer on May 16.   The sites are marketed by Ray White Commercial NSW Director Michael Ajaka, Commercial VIC Director Paul Waterhouse and Commercial QLD Director John Dwyer.   Mr Ajaka said the portfolio of service stations, currently head-leased to Dib Group (trading as Metro Petroleum and a Shell service station at Cann River), offered investors exceptional opportunities to purchase premium investment properties.   “'Metro Petroleum' is a major petroleum brand with approximately 250 service stations and convenience stores across Australia’s east coast, including Western Australia and South Australia,” he said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/19/PRINT_Shell_Cann_River_133_7.jpg" alt="">
“Servicing a large base of wholesale customers nationwide, it makes the company one of Australia’s largest independent service station franchises.   “Service stations really are a solid investment and banks are still financing investors to buy them, which makes them particularly appealing in the current market.   “The operators have good sustainable businesses such as the fuel sales, convenience stores, and with some having cafes they also run on-site.   “These opportunities will appeal to a number of people, from mum and dad investors as part of their superfund portfolios, to high net-worth individuals with interest expected to come from locals, nationals and offshore investors   “Leases on the sites run until 2028, 2029, 2030 with options, with an annual rent increase of CPI as per lease, and tenants paying outgoings as per lease (excluding land tax and building insurance).'"
Service station location and details:   NSW – Ray White Commercial NSW Director Michael Ajaka   <a id="LPlnk195651" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGRRfjY0I8EBuIExwxzbeVsbuhKX/r1pFevSn3VIfLmZU=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         571 Beryl Street, Broken Hill, NSW 2880</a> Lease term with options 10 years + five years + five year + five years Commencement date 1 December 2018   <a id="LPlnk412210" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGJKCadd8OMjqFleKKoVl5m7x81vYjdkXNBSL8tPGFBNo=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         111 Sutton Street, Cootamundra, NSW 2590</a> Lease term with options 10 years + five years + five years Commencement date 1 August 2017   VIC – Ray White Commercial Vic Director Paul Waterhouse   <a id="LPlnk579059" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZG9u9uZGomxbBu/2zFzDXsPeRSu23KUkTqOjJu7F/J4b0=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         1 Jones Street, Boonie Doon, VIC 3720</a> Lease term with options 10 years + five years + five years + five years Commencement date 1 July 2017   <a id="LPlnk3678" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGKfkRMUK57/KKEeAipBpXadv0lKwGi61PfPh6+f37vxw=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         155-163 Main Street, Rutherglen, VIC 3685</a> Lease term with options 15 years + five years + five years + five years Commencement date 1 December 2015   <a id="LPlnk816553" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGqdp6twqTXLIFaqGm1FdnTPChqLN9nmAFjtuyCnva7Tg=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         28 Princes Highway, Cann River, VIC 3890</a> Lease term with options 12 years + five years + five years + five years Commencement date 1 August 2017   <a id="LPlnk758652" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGfBzxsG4gjnMLhKlnt7GjZksdw4ouA5SBw3X3puuh0j4=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         116 Main Street, Great Western, VIC 3374</a> Lease term with options 11 years + five years + five years + five years + five years Commencement date 1 April 2018   QLD – Ray White Commercial QLD Director John Dwyer   <a id="LPlnk361010" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGC0xdXocb+cXytLqjXtn/jPUq9RmQXcp2&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         37 Greenup Street, Texas, QLD 4385</a> Lease term with options 15 years + five years + five years + five years + five years Commencement date 1 December 2015 
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Seven Metro Petrol service stations set for auction

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A new fast food and Caltex service station in NSW’s Goulburn with long leases to Woolworths and Red Rooster fetched $4,530,000 at Burgess Rawson’s portfolio auction.
The yield on the sale was a strong 5.06 percent. It was sold to a Chinese investor with settlement yet to be registered.
The <a href="https://www.realcommercial.com.au/property-retail-nsw-goulburn-502419342" target="_blank">180 Hume Street</a> property is on a large 4,317 sqm corner site surrounded by Bunnings, McDonald’s, Subway and Shell.
There is a 15 year lease to Woolworths that started in 2017 and has options till 2052. 
Fast-food chain Red Rooster is on a 10 year leases that started in 2017 and has options till 2047.
It is opposite the “Big Merino” tourist pit-stop landmark.
The development was completed in 2017 and comes with depreciation benefits.
The total net income from the property is $229,073 pa + GST.qm.
The selling agents were Simon Staddon and Darren Beehag at auction in June this year.
Back in 2013, a local investor Rodney Thompson had bought the site for just over $1 million, and over the past four years he redeveloped it into a Red Rooster outlet and Woolworths Caltex service station, according to the Goulburn Post.
 
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Service station in NSW's Goulburn sells on strong yield of  5 percent at Burgess Rawson auction

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A well performing Red Rooster outlet at Mt Annan has recently sold for $3,165,000 on a yield of 3.96 percent at Burgess Rawson’s portfolio auction.
The fast-food retailer has a secure 10-year lease to 2023 plus options through to 2033. Corporate lease in place to Red Rooster Foods Pty Ltd
The shop at <a href="https://www.burgessrawson.com.au/properties/proven-perfomer-next-to-mcdonalds-10-year-head-office-lease/" target="_blank">249 Waterworth Drive</a> is on a 2,287 sqm site including a drive-thru facility.
The property earns a net income of $143,262 pa plus GST. 
Lessee pays all usual outgoings including Land Tax.
It has access to the busy Narellan Road – major connector road to Sydney CBD via Hume Motorway.
The selling agents were Raoul Holderhead and Kieran Bourke of Burgess Rawson.
The property last sold in 1997 for $750,000. The vendor was Amalgamated Food &amp; Poultry Pty Ltd, CoreLogic RP Data reveals.
In another deal, a shopping centre  in Toowoomba's northern suburbs which has a Red Rooster has sold for nearly $2 million at Burgess Rawson’s portfolio auction.
The centre at <a href="https://www.realcommercial.com.au/property-retail-qld-harlaxton-502577202" target="_blank">281-285 New England Highway, Harlaxton</a>, sold for $1.8 million, according to The Chronicle.
In 2015, Red Rooster's outlet at NSW's Coffs Harbour sold under the hammer for $2.2 million at another Burgess Rawson auction.
The <a href="https://www.urban.com.au/expert-insights/47582-coffs-harbour-red-rooster-secures-2-2-million-sale" target="_blank">5/380 Pacific Highway</a> eatery is on a renewed lease to April 2021 with three five year options. 
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Mt Annan Red Rooster sells on a yield of nearly 4 percent at Burgess Rawson auction 

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A refurbished ground floor retail space in Sydney’s Potts Point is up for auction.
Lot 1 at 39 Elizabeth Bay Road is fully refurbished has potential for capital growth.
It could be an entry level investment for an investor or for an owner occupier.
The strata shop is surrounded by cafes, restaurants, fashion boutiques and residential dwellings.
The 71 sqm shop has street frontage and suits  a number of uses including retail, showroom, office, or creative studio.
The auction is on December 7 at Cooley Auction Centre in Sydney CBD, 1 Margaret Street (Dexus Place).
The listing agent is David Canelas Krulis Commercial. 
 
 
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Retail space in Sydney's Potts Point set to go under the hammer

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A 94-year old local newsagency in the Southern Highlands town of Bowral has sold under the hammer at Burgess Rawson’s  Sydney Portfolio Auction for $2.88 million on a net yield of 4.1%.
The freehold property at <a href="https://www.realcommercial.com.au/property-retail-nsw-bowral-502577690" target="_blank">313 – 317 Bong Bong Street</a> is in the heart of Bowral’s bustling retail precinct.
It was listed for the first time in nearly a century.
It is on a short term lease to Cameron’s Newsagency and currently produces a net income of $118,115 per annum.
The auction was on October 31. The newsagency was one of 12 assets to go under the hammer at Burgess Rawson’s Sydney portfolio auction.
The selling agents were Simon Staddon and Sam Horwitz of Burgess Rawson.
Staddon said the 470 square metre land area offers future development potential.
“Bowral just 1.5 hrs drive south of Sydney is a vibrant town with an affluent demographic of long-standing residents and an increasing number of empty nesters from areas like Sydney’s Eastern Suburbs, which has led to a thriving commercial precinct with little to no retail vacancy,” he said.
 
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Bowral Newsagency sells under the hammer on 4.1% yield

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An Abbotsford site, currently home to a former National Bank building, has been listed with expectations of more than $3 million.
The <a href="https://www.realcommercial.com.au/property-retail-vic-abbotsford-502597338" target="_blank">261 Victoria Street</a> property comprises a 540 sqm Italianate palazzo style building over two levels on a Commercial 1 zoned site.
According to Teska Carson’s Michael Taylor, who is marketing the property with colleague Fergus Evans, the land at the rear of the building has potential for development.
“The property presents as a great opportunity to capitalise on the very strong demand for new development in Abbotsford. This would potentially involve subdividing the land and developing the rear hardstand component whilst perhaps retaining and/or expanding on current uses over what is a very attractive and presentable commercial building on Victoria Street.”
He said Abbotsford was undergoing gentrification in response to demand, particularly from the residential market, with a large number of new mixed-use developments completed in the immediate vicinity of the property.
The building has been maintained and refurbished over the years and comprises a number of partitioned offices that could easily be adapted to suit various uses.  
 
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Former bank site in Abbotsford listed with $3 million hopes 

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A Canberra office building is set for auction after being fully leased to Seeing Machines for a 10-year term plus option.
The <a href="https://www.realcommercial.com.au/property-offices-act-fyshwick-502563922" target="_blank">165 Canberra Avenue</a> asset in Fyshwick is being auctioned on October 26. Hyperion Property Group has appointed Colliers International to market the campaign.
Seeing Machines is a Canberra start-up and now global organisation listed on the AIM of the London Stock Exchange and currently employ just under 200 people in Canberra.
It develops computer vision related technologies that help machines understand people tracking and interpreting human faces and eyes.
It is a standalone building that has recently undergone cosmetic upgrades, and future tenant works are estimated at $4 million.
Seeing Machines appointed Canberra-based interior design studio, Core Interiors, to design their fit-out.
The two-level building, constructed in 1994, was purpose-built for a technology company.
Colliers International’s Matthew Winter, who is the listing agent, said the 5,256 sqm corner site "presents purchasers with an outstanding long-term proposition.”
“The property lies within the East Lake Precinct which is currently under investigation by the ACT Government for future re-zoning to encourage urban infill via residential development,” said Matthew.
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