Seven petrol stations set for Burgess Rawson April auction
Jonathan ChancellorDecember 7, 2020
A portfolio of seven petrol stations will be auctioned at the next Burgess Rawson Melbourne portfolio auction.
All the sites have 10 to 15 year leases to petrol retailers.
They are expected to sell from about $850,000 for the Katanning Woolworths Caltex in regional Western Australia, to $5.5 million for a BP in Seaford in Melbourne's south-east.
Burgess Rawson said yields for petrol station investments had fallen in the last 18 months to below 5% for the best metropolitan sites.
Burgess Rawson and Newtons Real Estate are conjunctional agents for the 15 April auction.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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