portfolio auction

A standalone McDonald’s with price expectations above $2.5 million is already attracting strong buyer interest ahead of Stonebridge’s October portfolio auction next week.

The official headquarter of the AFP K9 unit in Cairns has been listed for sale and the recession proof asset is already attracting strong demand from savvy investors.

Healthcare assets have attracted keen interest from private investors at a maiden auction event, with the auction’s success a reflection of the robust commercial property sector.

Commercial agency Burgess Rawson witnessed a ”flight to quality” across its three-day portfolio auction this week, with investors turning to the tried and tested childcare, retail and medical assets.

One of the first major portfolio sales of freestanding commercial property on the eastern seaboard since the federal election is expected to highlight investors’ voracious appetite for the ‘known quantity of fast food’ and the ‘strong and stable’ childcare sector.

The upcoming Burgess Rawson portfolio auction will feature a suite of essential service assets leased to national brand tenants, which in a volatile climate could lure cashed-up investors to commercial property for the very first time.

The sale of five childcare centres – with a national record price for one and a state record for another – fired Cushman & Wakefield’s to impressive results for its final 2021 auction.

Investors have shrugged off COVID lockdowns at a $76 million auction, with a pub, Hungry Jack’s and Bridgestone tyre outlet setting records.

Investor demand for essential services properties remains at record levels despite the Greater Sydney coronavirus lockdown, with buyers snapping up more than $90 million in COVID-proof assets at auction.