Seven petrol stations set for Burgess Rawson April auction
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.