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New South Wales Queensland Property News Commercial Retail

More than $40 million worth of 7-Eleven service stations sold

By Jonathan Chancellor
Friday, 14 December 2012

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.


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