Day two of Burgess Rawson’s Melbourne auction event achieved a significant milestone, recording  more than $64.5 million over 14 transactions with an impressive 85 per cent success rate and an  average yield of just 5.49 per cent. 

Burgess Rawson CEO Ingrid Filmer said the agency continues to deliver the best results in the market  with a combined $3.6 million over reserve for vendors. 

Demand for convenience retail assets was notably high, with an average yield of 5.5 per cent  underscoring the strong investor interest in these sought-after properties. 

This was highlighted by the sale of two OTR properties in South Australia on behalf of the Peregrine Corporation: the Darlington property secured $6.015 million, and the Marryatville asset sold for $4.83  million, both reflecting the 5.5 per cent return. 

In another key transaction, Cell Care in Heatherton sold for $7.38 million, providing a return of just 4.61  per cent. Other highlights included the sale of Ritchies IGA and Australia Post in Paynesville, Victoria which sold for $10 million on a 5.35 per cent yield. 

Burgess Rawson’s Portfolio Auction Event in Sydney realised more than $25.17 million in transactions with an 80 per cent success rate, selling eight out of 10 properties. The standout was the $9.05 million  sale of a Viva Energy property in Greenway, ACT, transacted on a yield of 5.47 per cent. 

Additionally, an Affinity Education early learning asset in Budgewoi sold for $3.2 million with a yield of  4.74 per cent, and a highly contested supermarket and medical combination property in Wisemans  Ferry fetched $2.39 million. 

Day 3 concludes at 10.30am AEST tomorrow at The Hilton in Brisbane. A range of multi-tenanted  assets, fast food, early education and automotive. 

Related Readings 

Day one of Burgess Rawon's investment portfolio auction event reaps $25.17m 

Peregrine Corporation portfolio in South Australia for sale – Burgess Rawson

Burgess Rawson unveils largest portfolio event in over two years, showcasing premium assets for sale 

Peregrine Corporation portfolio in South Australia for sale – Burgess Rawson

Gold Coast fast food & convenience centre for sale via Burgess Rawson portfolio auction