Day one of Burgess Rawson’s latest portfolio auction event delivered strong results with a total of $37.74 million in sales, reaffirming investor confidence in high-quality commercial assets.

Burgess Rawson National Partner, Yosh Mendis said that of the 12 properties presented, nine sold on the day showcasing the continued demand for well-leased and strategically located investments.

“Buyers responded positively to assets backed by national brands and essential service tenants, reflecting a preference for secure, long-term income streams,” he said.

Notable transactions included PFD Foods in Geebung, which attracted investors across Australia recording almost 50 bids before transacting for $7.52 million on a 4.82 per cent yield, and Devonport, Tasmania, which sold for $4.325 million.

Mr Mendis said “the Geebung sale underscores the continued strength of investor demand for well-located, high-quality industrial assets positioned in core metropolitan locations, with investors prioritising secure long-term income in a competitive market.”

Demand for convenience retail assets continues to be strong with the biggest price achieved on the day being the $8.18 million transaction of Ampol at North Narrabeen, reflecting a 5.51 per cent yield.

Burgess Rawson NSW Partner, Kieran Bourke said “the competitive national campaign saw interest and competition from investors across Australia eventually selling to a Sydney based investor.

Early learning assets also attracted strong interest, with Young Academics in Seven Hills selling for $5.86 million reflecting a 4.44 per cent yield, Little Kindy in Walcha, NSW, selling for $2.19 million on a 5.19 per cent yield and Discover & Learn Academy, Tanilba Bay selling for $4.8 million reflecting a 6.16 per cent yield.

Retail and supermarkets remain sought after with the IGA Supermarket in North Sydney selling under the hammer for $2.9 million.

Mr Bourke said the competitive bidding environment demonstrated that investors remain active, particularly in sectors such as industrial and convenience retail where demand continues to outstrip supply.

“Strong enquiry levels leading up to the auction translated into robust participation on the day, with properties achieving yields from 4.44 per cent.”

Burgess Rawson NSW Partner, Rhys Parker said, "These results demonstrate the ongoing demand for high-quality commercial assets, particularly those with strong lease covenants and essential service tenants,"

Day 2 commences at Crown Casino in Melbourne tomorrow, Wednesday 26 at 10.30 am (ADST) before concluding at The Hilton in Brisbane on Thursday at 10.30 am AEST.