All nine 7-Eleven servos sell at bumper Burgess Rawson auction day

All nine 7-Eleven servos sell at bumper Burgess Rawson auction day
All nine 7-Eleven servos sell at bumper Burgess Rawson auction day

All nine 7-Eleven servos on Burgess Rawsons auction day card have sold under the hammer.

They had nine properties on the ticket across New South Wales and the Australian Capital Territory which sold for a combined $40 million.

Each of the properties offered for sale came with a brand new 12 year lease to 7-Eleven.

The day opened with a strong $5.75 million for a 7-Eleven service station in Liverpool, west of Sydney (pictured top).

Bidding opened at $3.5 million for the 4,235 sqm Elizabeth Street property and sold 10 minutes later with a knockout $20,000 bid.

The sale represented one of the lowest yields of the day, near 3.8 per cent.

A $3,925,000 Clyde sale on Parramatta Road was next before the biggest sale of the day, in ACT's Braddon opposite Telstra's HQ.

The Mort Street property sold for $7.1 million on a 4.1 per cent yield. It has a net income of $291,997.

The near 20 minute auction saw bidding begin at $5 million.

The strongest yield was achieved on the last property to go under the hammer, a freestanding Pacific Highway 7-Eleven in Marks Point. The $4 million sale represented a yield of six per cent.

 

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