Service Station News & Market Trends

Investors have shrugged off COVID lockdowns at a $76 million auction, with a pub, Hungry Jack’s and Bridgestone tyre outlet setting records.

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.

Private investors are scrambling to secure essential services properties able to trade during COVID-19 lockdowns, ahead of a $65 million portfolio auction.

A North Geelong service station with a 15-year net lease to an ASX-listed energy giant offers a high-yielding prospect for investors chasing long-term income security.

A Bunnings, fast food stores like KFC and childcare centres will feature in a $210 million commercial property auction as investors chase “pandemic-proof” essential services assets with long leases and big-name tenants.

A wealthy Sydney family spent more than $15 million on two service stations as high-net-worth investors filled up commercial property leased to blue-chip tenants in a $94.3 million portfolio auction.

Pubs, hardware stores, a burger restaurant and a TAB are expected to be hotly contested by investors in a $135 million portfolio auction.

Service stations and an Officeworks are expected to attract strong investor interest in an $86 million portfolio auction.

First-time investors keen to get into the commercial property market are chasing entry-level opportunities in the first big portfolio auctions of the year.