Service Station News & Market Trends

As states emerge from lockdowns and Australia prepares to open its borders, bullish investors are clambering for prized assets. Burgess Rawson expects this sentiment to drive its November portfolio auction skywards.

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.

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.