Day one of the Burgess Rawson National Portfolio Auction event 169 in Sydney celebrated a perfect 100% clearance rate yet again, with transactions totalling an impressive $27.41 million. 

Burgess Rawson Director of Childcare, Michael Vanstone achieved a standout result with the $7.78  million transaction of the Affinity Education Early Education Centre in Killara, NSW boasting a sharp yield of 4.14%.  

Mr Vanstone noted the property attracted keen interest with five bidders on the day, including strong  attention from both local and offshore private investors. 

"We continue to witness robust demand for high-quality investment opportunities in prime locations such as Killara.  

“The premium property ticked all the boxes with the result reflecting the strong competition and demand  for these assets,” he said. 

Yosh Mendis, Burgess Rawson National Partner, described the event as a packed house with stellar results, affirming the ongoing appeal of properties offering solid long-term tenant covenants and strategic locations. 

The event recorded an average sales price of $3,915,714 and an average of 15 bids per asset. 

In addition to the Affinity Education sale, notable transactions included a $5.8 million sale of a medical  centre in East Maitland and a $2.57 million sale of a medical centre leased to Focus Radiology in  Engadine, achieving a return of 4.98%.  

The PFD Food Services industrial site in Kawana, QLD, was successfully sold for $4.9 million, while a  7-Eleven located in Melba, ACT, changed hands for $2.75 million. 

"These assets continue to be sought-after by investors nationally this year, reflecting strong investor  confidence in quality properties in prime locations," Mr Mendis concluded. 

The auction event continues in Melbourne tomorrow (26th June) at Crown Casino commencing  10.30am. 

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.