Fast food

The humble petrol station is set to be transformed as the number of electric cars on Australian roads climbs to an estimated 1.7 million by 2030.

Private and institutional investors alike continue to be wooed by the alternative income streams offered by commercial property. This interest has translated into record enquiry numbers for Burgess Rawson’s 150th portfolio auction.

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.