Service Station News & Market Trends

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.

A Bunnings Warehouse and a fleet of petrol stations owned by independent fuel retailer United are the prized picks at the latest Burgess Rawson auctions.

Balmain’s heritage-listed Exchange Hotel finds a new owner, McDonalds and 7-Eleven a happy meal on the Gold Coast, and the countdown starts for a prime Kew East site. MORE DEALS AND NEWS.

A service station complex on Melbourne’s West Gate Freeway has sold for $22.5 million, making it the most expensive petrol station sold anywhere in Australia in more than 10 years.

The home of the Melbourne City Ballet, on the grounds of the old Pentridge Prison, will be on the block next week as part of the latest Burgess Rawson portfolio auctions.

One thing’s for sure: you’ll have a captive audience during peak hour at this service station and fast food complex on Melbourne’s West Gate Freeway.