Burgess Rawson’s Portfolio Auction 159 event in Brisbane realised a total of $29.07 million and a blended yield of 5.18%.

Burgess Rawson Partner, Adam Thomas said demand for early learning has intensified with a Guardian Childcare in Rochedale South selling for $6.17 million showing a yield of 4.88% while Affinity Education in Robina sold for $8.8 million on yield of 5.43%.

“Oaktree Academy in Woodford sold prior to the auction for $6.1 million reflecting a yield of 5.2%. “We have now sold $63 million in early education assets over the March quarter,” he said.

Mr Thomas said today’s results also show demand for essential services such as early education and fast food continued to whet investor appetite because they offer secure long-term leases and recession proof.”

The lowest yield achieved was 4.09% for the KFC at Bundamba which sold for $4.69 million.

The combined tally for Brisbane, Melbourne and Sydney’s portfolio auctions totalled $91.457 million.

Brisbane’s auction event followed the successful day in Melbourne which saw the 7-Eleven in Hawthorn East sell for $6.7 million on a tight yield of just 3.94%. This sale followed the successful results in Sydney where 7-Eleven in Jamisontown sold for $6.2 million showing a yield of 4.99%.

The highlight at the Sydney auction on Tuesday was the sale of the Taylor Early Learning Centre in the ACT transacting for $5.52 million on a yield of 5.51%. Sydney’s top sale of the day was a group of four restaurants at Campbelltown selling for $9.15 million reflecting a yield of 6.22%.

Brisbane highlights

•  Volume $29.07M
• Lowest yield • Childcare 4.09% for a KFC in Bundamba
• Blended yield Three sales with Rochedale South selling on 4.88% yield 5.18%

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Burgess Rawson Portfolio Auction 159 realises $59m - Melbourne - Sydney