Portfolio Auction 180 concludes in Brisbane with over $37 million in sales, pushing Burgess Rawson and CBRE total past $110 million

Burgess Rawson from CBRE’s three-day Portfolio Auction series concluded with a stellar performance in Brisbane, achieving a perfect 100 per cent success rate and $37.131 million in sales, taking the total across all three cities to $110.006 million.

The Brisbane event showcased the strength of Queensland’s investment market, with 10 properties sold and an average of 14 bids per property. The blended yield of 5.79 per cent reflected strong competition for quality assets across childcare, healthcare, convenience retail and large format retail sectors.

Burgess Rawson from CBRE Senior Director Neville Smith sold the Hyde Park Medical Centre transacted for $7.4 million reflecting a 5.83 per cent yield and a sale price of over $10,000m2 along with an industrial asset leased to Stramit in Rockhampton which sold for $6.6 million.

Mr Smith said Queensland continues to demonstrate its strength as a premier investment destination. The depth of competition we’re seeing for quality assets across both metropolitan and regional markets reflects genuine confidence in the state’s economic fundamentals and long-term growth trajectory.

Other highlights included Josh Scapolan’s pre-auction sale of the Kool Kids Early Learning Centre in Helensvale for $5.85 million on a 4.26 per cent yield, delivering an exceptional result for the vendor. 

The Starbucks in Deagon set a record for the brand, selling for $5.5 million on a 4.58 per cent return. The Goodstart Early Learning centre in Ormeau, which sold under the hammer on Tuesday for $3.92 million on a tight 3.79 per cent yield, demonstrated the aggressive appetite for premium early education assets.

A total of 32 properties were sold over the three day event. In Melbourne, a handful of properties sold prior to auction including a Viva Energy convenience outlet in Newborough, and a series of supported living assets in Mornington and Bundoora along with a café, restaurant and an Avonsleigh veterinary clinic.

The result followed the success of the Sydney portfolio auction event delivered another standout result with more than $51.475 million in transactions across healthcare, childcare, convenience retail and fast food retail assets.

The Sydney event garnered a stellar success rate of 91.67 per cent, with yields as sharps as 3.79 per cent demonstrating strong private investor appetite across the asset classes. The blended yield was 5.37 per cent.

Burgess Rawson from CBRE Senior Director Yosh Mendis said the results demonstrated the exceptional strength in the commercial property sector with healthcare and early education in particular gaining significant momentum as investors aggressively pursue defensive, essential-service infrastructure with rock-solid covenants and robust income streams.

The two Goodstart Early Learning assets achieved the sharpest yields of the auction. First out of the gates was the Goodstart centre in Ormeau, Queensland, which sold for $3.92 million on a tight return of 3.79 per cent. The Albany Creek facility sold for $5.735 million reflecting a 4.19 per cent yield, while the Mornington (QLD) centre transacted for $2.375 million.

Healthcare proved a strong remedy for investors with three PRP Diagnostic Imaging assets selling. The flagship Hornsby investment was snapped up for $9.5 million on a 5.44 per cent yield, representing the highest sale price of the day. Additionally, PRP Adamstown in Newcastle saw spirited bidding selling for $5.85 million reflecting a yield 5.21% as well as PRP Erina selling for $3.225 million on the day. The properties were listed and sold through Yosh Mendis and Geoff Sinclair.