Burgess Rawson’s Melbourne auction event 168 was a standout with $16.672 million in transactions and a clearance rate of 75 per cent.

Burgess Rawson CEO, Ingrid Filmer said the event offered a range of quality investment opportunities across a wave of sectors with healthcare and automotive the standouts.

The highlight of the event was the $7.5 million transaction of the Toyota Dealership in Best Street, Devonport which achieved a yield of 5.99 per cent.

The impressive dealership has been in the Gowans family since 1969 and was fully redeveloped in 2009 to take advantage of the coveted city views.

Vendor, Adam Gowans said the family sold the business to the Tony White Group in 2020.

Burgess Rawson’s Matthew Wright said they attracted strong interest during the campaign with more than 100 enquiries.

Elsewhere, two premium medical suites within the St John of God Granada Medical Centre at 88 Myers Street, Geelong sold under the hammer.

Lots 2 and 3 transacted for $1.4 million on a yield of 6.49 per cent. The 183 square metre asset is leased to Australian Clinical Labs and Kiddies Eye Care.

Lot 24 sold for $1.325 million, reflecting a yield of 5.97 per cent. The assets provide strong and certain income growth with fixed annual, compounding 3% increases.

An entry level Leongatha asset leased to DF Fitness Centre sold for $596,000 on a tight yield of 4.71 per cent while the former home of the iconic Christopher & Alexander’s Lighting at 146 St Kilda Road, St Kildatransacted for $1.201 million.

The campaign builds on Burgess Rawson’s successful track record, with more than $200 million in transactions to date, driven by strong investor demand.

Investors have the opportunity to buy a range of premium recession-proof assets at the Sydney event with leading brands comprising McDonald's, KFC and Red Rooster, to name a few.

Portfolio Investment 168 will recommence at the Sydney Opera House tomorrow and the Hilton in Brisbane on May 16.

Burgess Rawson market updates & insights:

Key Priorities of Asian Investors in Australian Commercial Property - Burgess Rawson  | Commo.

Automotive assets: a high-octane investment choice for sustained growth and resilience - Burgess Rawson | Commo.

Scaling Up: The Rise of Large Format Retail – by Yosh Mendis Burgess Rawson – National Partner | Commo.

Why Investing in Australia's convenience retail sector is proving lucrative - Burgess Rawson | Commo.

Unveiling the Dynamics of the Fast Food Revolution - Burgess Rawson  | Commo.

Early education listings up by 22% as Burgess Rawson reaches $2.2 billion milestone | Commo.

Burgess Rawson News: 

Burgess Rawson first 2024 Auction Event records $66.79 m  | Commo.

Guardian Early Education Centre Banksia Park sold for $6.4 Million - Burgess Rawson & RWC  | Commo.

Burgess Rawson launches its second major commercial property portfolio event for 2024 | Commo.

Burgess Rawson promotes Yosh Mendis to National Partner | Commo.