Service Station News & Market Trends

Australia’s petrol industry will undergo one of the biggest shakeups in its history after Woolworths announced it is selling its 527 petrol station sites to BP for almost $1.8 billion.

A pair of KFC fast food outlets were an early Christmas treat for buyers at Burgess Rawson’s final investment auctions of the year, where $109 million worth of commercial property sold in two days.

If service station investments weren’t hot property already, try throwing a McDonald’s into the mix.

Asian investors grab their share of Australia’s booming service station market, Sydney’s Five Dock Hotel for sale and Melbourne enjoys rare neighbourhood shopping centre offering. MORE NEWS AND DEALS.

Petrol stations are trending up as one of the commercial market’s glamour classes, with record deals rolling on and agents reporting astonishing interest in properties leased to fuel providers.

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.

Investor demand for service station assets in metropolitan and regional areas of Queensland is causing a strong tightening of yields.

Woolworths is poised to become a pure food and liquor retailer after decades of amassing a hotchpotch of retail assets, including a disastrous foray into hardware. This article originally appeared on theaustralian.com.au/property.

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.