More than $40 million worth of 7-Eleven service stations sold
More than $40 million worth of 7-Eleven service stations have sold at auction this week in Brisbane and Sydney.
The auctions achieved a 100% clearance rate.
The NSW auction saw 10 outlets sell for $23.75 million including a station at Haberfield on a yield of 4.6%.
The seven Brisbane stations grossed $17.1 million, average 6.9%.
“The results of these auctions speak for themselves,” JLL’s head of sales and investments, John Macree, said.
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.
