Commercial property auction results

The owners of an advertising firm have made a cool $10 million after the sale of a Chippendale warehouse.

A Melbourne investor has pocketed a 287% return on Melbourne CBD building Bourke House in just three years, after selling the property to a Chinese buyer.

Last year’s childcare boom appears to be gathering even more steam, with almost $20 million worth of childcare centres sold at the first Burgess Rawson investment auctions of 2017.

Childcare centres and petrol stations were in investors’ crosshairs at the latest Burgess Rawson investment portfolio auctions, which saw $117 million worth of property change hands over two days.

It was a return to form at this week’s Burgess Rawson portfolio auctions, with a Coles supermarket and Bunnings Warehouse in regional Victoria, as well as six United petrol stations, all selling under the hammer on tight yields.

The sale of a Bunnings Warehouse in Perth and a Dan Murphy’s in suburban Melbourne – both on yields below 5% – capped two days of Burgess Rawson portfolio auctions in Melbourne and Sydney.

Big bucks for first caravan park, gelato giant moves west and price soars for an animal hospital. MORE DEALS.

A KFC outlet on Melbourne’s city fringe and an office leased to a Federal Liberal MP were side by side as more than $27 million worth of property sold at the latest Burgess Rawson investment portfolio auction.

A commercial property portfolio that belonged to renowned architect, the late Walter Pollock, has sold for $13.35 million, with two properties soaring past their reserve price.