Commercial Auction

<html><body>
Two childcare centres were much sought after at Burgess Rawson's 100th portfolio auction in Melbourne.
The one in Hampton sold for $3.95 million and the other in Heatherton for $3.2 million.
“Both childcare centres attracted strong and competitive bidding with both Hampton and Heatherton selling on circa 5.6% yields," selling agent Adam Thomas said.
"These investments continue to be highly sought after due to the long secure leases to national tenants and are underpinned by the high underling land value coupled with the inherent value of the business.” 
The 461-463 Bluff Road, Hampton site (above) is leased for 15 years to Only About Children (OAC) till 2030, with three 10-year options.
OAC is a high-end childcare provider with 31 locations across Melbourne and Sydney's affluent suburbs, including Armadale, Camberwell, Coogee, Cremorne, Mosman, Neutral Bay and Rose Bay.
The rent is $224,985 per annum and there is a fixed annual 3% rent increase.
The tenant pays all usual outgoings.
The main road site is spread over 1,149 square metres with a 34-metre frontage and is licensed for 56 long day care (LDC) places.
The location is just 14 km from the Melbourne CBD and minutes to Beach Road and the Nepean Hwy.
It was extensively redeveloped in 2015, providing for income tax saving depreciation.
The Heatherton property sits at 16-20 Arco Lane and is leased to G8 Education Limited.
It is a new 10-year lease to 2025 with two further five-year options to 2035.
ASX-listed G8 Education is a childcare provider with 450+ centres across Australia.
The facility is built on 595 square metres and is licensed for 90 LDC places.
The land area is a 2,232 square metre commercial zoned site with 16 car spaces.
The rent is $180,000 per annum and the tenant pays all outgoings including land tax.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
</body></html>

jonathanchancellor-7SQnKwU6yx

Two childcare centres see strong bidding at Burgess Rawson auction 

<html><body>
Three service stations in the NSW localities of Gundagai, Wyong and Salt Ash went under the hammer at Burgess Rawson's 100th portfolio auction. 
The one at 11 Dog on the Tucker Box Road (Hume Highway) Gundagai (above) , anchored by Shell-Coles Express, fetched $7.71 million.
The 14.94 hectare site with a major truckstop facility comes with an abundance of customer parking and bus/truck access.
A KFC, Subway, a 24-hour diner and cafe make up the rest of the property.
It earns a net $646,095 pa, with the Shell-Coles station making up nearly 48% of it.
At the winning bid, the yield works out to about 8.3%.
The selling agent was Rhys Parker.
The Salt Ash centre at 2893 Nelson Bay Road is leased out to the ASX-listed Caltex and fetched $4.7 million at the auction. 
Built in 2012/2013, it is currently on a 10-year lease to 2024, with options until 2039.
The site is spread over 2,164 square metres. 
The estimated net income is $275,858 pa + GST (Sept 2015), translating to a yield of about 5.9%.
The location is on the main road and has a traffic volume of 22,800 cars per day.
The Wyong station at 140 Pacific Highway fetched $1.25 million.
It is leased out to Westside Petrol for a 10-year period to 2025 with 3 x 10 year options.
The service station is a single tenant investment and earns a net estimated $87,964 annually, giving a yield of about 7%. 
There is a fixed 3% rental increase.
The tenant pays the outgoings (excluding land tax).
Wyong has a population of 154,976 people, which is expected to rise to 220,000 by 2031 and is less than 90 minutes from Sydney.
Both the Wyong and Salt Ash properties were sold by Rhys Parker and Darren Beehag. 
Commercial properties such as service stations are a big draw with investors because of a number of factors. The initial investment in a commercial property may be higher, but so are the returns, according to a blog on Burgess Rawson's website.
Also, major players as tenants means they take care of the outgoing payments, against residential property where the costs are borne by the landlord.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
</body></html>

Three service stations auctioned at yields between 6% and 8%

<html><body>
Playfair House at 2 Ridge Street, North Sydney passed in on a bid of $2.85 million when auctioned last Saturday.
It is an <a href="https://www.domain.com.au/2-ridge-street-north-sydney-nsw-2060-2012339885" target="_blank">1885 five-bedroom Victorian terrace</a> Playfair House which came with $3 million hopes.
Listing agent Jennifer Hampton, had issued 10 contracts on the commercial-residential zoned property.
It is currently leased as a commercial property until January 2016.
</body></html>

jchancellor-FAypfDUnLy

Playfair House, North Sydney offering passed in

<html><body><div class="cq-article-content-paras section">
The final Sydney Burgess Rawson portfolio auction of the year raked in nearly $65 million in sales with an 80% clearance rate.
All eight commercial buildings put up for sale by the <a href="/expert-insights/investing/48645-nsw-government-selling-eight-properties-through-burgess-rawson-auction" target="_blank">NSW state government</a> were sold, indicating investor confidence in the NSW economy. 
The sale of these properties, all in regional centres outside of Sydney and leased to tenants such as Services NSW and Roads and Maritime Services offering five-year leases with fixed annual rent increases of 3%, will boost the state's coffers by almost $17 million.
The properties were at Bathurst (Robin Hill), Cessnock, Deniliquin, Grafton, Mittagong (Welby), Penrith, Unanderra (Wollongong) and Tweed Heads.
Net incomes were in the range of $23,445 per annum to $335,760 per annum, with the yields ranging from 4.3% for a Motor Registry office in Mittagong in the Southern Highlands, which fetched $1.88 million, to 6.7% for a Motor Registry office in Wollongong, which sold for $3.34 million.
A Sydney buyer paid $5.71 million for a Motor Registry office in Penrith, translating to a yield of 5.9%. 
In all, 20 out 25 properties up for auction were sold under the Burgess Rawson hammer.
The highest price of $8.1 million was a retail property in Armidale in the NSW Northern Tablelands, which has a Woolworths-owned Dan Murphy's liquor store and a Dick Smith electronics outlet. The yield works out at 6.9%.
</div></body></html>

All 8 NSW government properties sold at Burgess Rawson auction

<html><body>
A childcare centre in Littlehampton in Adelaide Hills leased to ASX-listed G8 Education is up for sale at a Burgess Rawson portfolio auction in Melbourne on April 6.
The <a href="https://www.burgessrawson.com.au/buying/SA/Adelaide-Hills/Littlehampton/MedicalorConsulting/3P1257#.VvCcP2R96u5" target="_blank">1 Rosella Court</a> centre is on a 1.36 ha site with future redevelopment potential subject to council regulations.
The centre is on secure 10-year lease to G8 Education plus options through to 2040. G8 has more than 450 centres nationally.
The rent is $237,405 pa and there is a fixed 4 percent pa rent increase with the tenant paying all the usual outgoings.
The property has dual childcare facilities with main building licensed for 125 places and includes G8's state training/conference HQ, plus purpose built pre-school facility licensed for 45 places (completed 2014).
Littlehampton is a suburb of the Mount Barker District, with its population forecast to grow 58 percent by 2036 and located 30 km east from the Adelaide CBD.
</body></html>

Childcare centre in SA's Littlehampton up for sale at Burgess Rawson auction

<html><body>
A Surfers Paradise site leased to global restaurant chain Hooters is up for sale via auction on May 5.
The property at Lot 11 2893-2903 Gold Coast Highway has a lettable area of about 424 sqm and includes alfresco plus two storage areas and a back loading bay.
It is being marketed by Steven King of Ray White Commercial Gold Coast.
King said the offering is underpinned by a secure lease to Hooters.
“Nasdaq-listed Hooters is a public company and the owner operator of 61 restaurant brands in the United States and abroad and owner franchiser of the Hooters brand,” he said.
Hooters has a 10-year lease with the tenancy commencing in December 2013, with two further options of five years each.
The property generates net rental income of about $156,825 per annum with four percent annual increases on gross income.
 
</body></html>

Hooters Surfers site for sale at May auction

<html><body>
The site of popular watering hole, the Evening Star Hotel in Sydney's Surry Hills, will go up for auction on May 3.
The pub, which tapped its first keg in 1873, is located at <a href="https://www.gunningre.com.au/1P3893" target="_blank">360 Elizabeth Street</a>.
It is pictured before the apartments went up above it around 2006 and below after renovations.
<img src="/images/2016/04/11/lt-1-1P3893-145679489287956429-rsd.jpg" alt="" width="614" height="409">
The listing agent is Daniel Gunning of Gunning Real Estate. 
“It is a secure and well leased investment,” Gunning said. “The redevelopment of the hotel in 2006 consisted of retaining its façade and the floor space being reduced to a single storey premises as it is today, the rest of the land was developed into a high-rise residential building known as Icon."
<img src="/images/2016/04/11/lt-1-1P3893-145679491315796114-rsd.jpg" alt="" width="669" height="446">
Tenant, the Marvan Hotel group, has recently signed a new seven-year lease with a further five-year option.
“The Marvan Hotel group has also committed to a major renovation of which will capitalise on its positioning close to China Town and Haymarket. The focus will be on gaming and TAB facilities," he said.
<img src="/images/2016/04/11/lt-1-1P3893-145679494002630847-rsd.jpg" alt="" width="659" height="439">
Marvan Hotel group also operates other hotels, including the Sea Breeze, Nelson bay; Lidcombe Hotel, Lidcombe; The Flynn, Sydney; The Bald Face Stag, Leichhardt; The Westmead Tavern, Westmead and The Merrylands tavern, Merrylands.
“Outside of the lockout law precinct, 360 Elizabeth Street represents good value for future leasing opportunities and with the tram coming through in the area in 2017/2018, we believe demand will be high for this property.
He added that the property has the potential to be subdivided into multiple smaller retail shops or remain “as is” in-one-line.
</body></html>

Evening Star pub in Sydney's Surry Hills up for auction 

<html><body>
A well-known local identity has paid $11 million for Alexanders’ corner on Bridge Road and Church Street in Melbourne's Richmond at auction.
The 254-256 Church Street and 246 Bridge Road property comprises a 1560-square metre building including four ground floor shops, four first floor office suites and an upper level dance studio, on an 892 square metre site with exposure to the corner of Church Street and Bridge Road.
The building is fully leased to nine tenants including Commonwealth Bank and Priceline Pharmacy, providing a secure net income of $481,300 per annum.
The deal was brokered by Teska Carson’s Larry Takis with CBRE’s Josh Rutman.
"Bridge Road will be unrecognisable in a few years. Everyone will want to be back there as the huge redevelopment of the surrounding precinct transforms the area and revitalises the retail catchment," said Takis.
"Developments including the $350 million Epworth project, Little Projects’ apartments on the Thomas Dux site and the redevelopment of Richmond Plaza, among many others, have invested heavily in the resurgence of an area which is arguably Melbourne’s best lifestyle precinct.’’
He said the Bridge Road locality had seen the recent planning and development of a large number of residential developments including:
* 178-182 Bridge Road (14 apartments)
* 19-21 Judd Street (50 apartments)
* 123-125 Bridge Road (21 apartments)
* 207 Bridge Road (54 apartments)
* 32 Bosisto Street (39 apartments)
* 231 Bridge Road (31 apartments)
* 153-155 &amp; 177 Bridge Road (14 storeys)
* 183-189 Bridge Road (63 apartments)
According to the City of Yarra and ABS data Richmond’s population grew 37 percent to 31,262 in 2014 from 22,789 in 1991 and is expected to rise another 38 per cent by 2036.
</body></html>

Commercial Auction

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Commercial Auction

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News