Fast food

The future of a well-known Gold Coast takeaway and convenience store is uncertain after the block which it sits on hit the market.

Eye-watering deals with nine-figure prices were made across Victoria’s commercial real estate sector. But many budding investors have set their eyes on two key industries.

The hunger investors have for ‘safe harbour’ assets has been evident throughout 2021 and is expected to be on show again in Burgess Rawson’s December portfolio auctions, which include 15 fuel and convenience assets and 13 childcare investments across metropolitan and regional Australia.

A juicy $32.6m sale of an Oakleigh car dealership was sealed with a burger as investors and developers rev up their appetite for automotive properties and fast food venues.

Investor demand for essential services that have remained resilient during COVID remains at record levels, with childcare and fast food the star performers. As we emerge from lockdowns, this hunger will likely intensify.

COVID-busting businesses including small retail sites, childcare centres, medical facilities and service stations have powered almost $190 million in auction sales across Australia’s three largest cities.

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.

A Melbourne family has paid $22.2 million for a newly-opened Bunnings warehouse in Queensland, buying it sight unseen amid strong investor demand for ‘pandemic-proof’ commercial properties.

There will be 100 new McDonald’s outlets in Australia in three years, with the global fast-food giant outlining a new $600m capital investment program up to 2024 to increase market share on the back of growing demand. This year, McDonald’s existing 1007-strong network of outlets will grow by seven each in Queensland and NSW, six in Victoria, four in WA and three in SA.