INVESTORS will have the rare opportunity to secure a Bunnings Warehouse investment for under $25 million at an upcoming portfolio auction, which will see 31 properties worth some $150 million go under the hammer in Melbourne next month.
The event will be the largest Burgess Rawson portfolio auction in the series’ history, and follows more than $95 million worth of showrooms, childcare centres and petrol stations changing hands at the previous Melbourne event held earlier this month.
Burgess Rawson’s Melbourne director Billy Holderhead said that the portfolio is the most comprehensive on the market, offering diversity in properties, as well as price point.
Price expectations for properties listed for 23rd June range from $750,000 through to $19 million, which is tipped for the Bunnings Warehouse in a booming growth corridor of south east Queensland that reflects the hardware giant’s ongoing store network expansion plans.
Other assets include childcare, fuel stations, fast food, government-tenanted properties, and supermarkets.
Burgess Rawson’s Adam Thomas said the spotlight would be on childcare once again, following 100% success rates across all auctions in 2021.
“The childcare investment market has started the calendar year with record results and yield compression.
“While childcare investment had been traditionally seen as a specialist asset class, experienced commercial investors are increasingly looking at childcare, driving even more demand in the first quarter.”
The six childcare investments on offer are located across Victoria, Queensland and Western Australia with prices ranging from $2.3 million to $7 million.
For the first time in the series, Queensland investors will have the opportunity to bid on the portfolio from the Hilton hotel in Brisbane, in response to increased demand from investors in the sunshine state.