The drive-through retail property, leased to BWS (Endeavour Group), achieved a sale price of $4,130,000 + GST, reflecting a sharp net yield of 3.92 per cent and highlighting strong investor appetite for defensive, convenience-based retail assets.
The property was owned by a family investor for more than four decades, underscoring its long-term appeal and the generational nature of tightly held retail holdings of this calibre.
The campaign generated substantial buyer interest, with a total of 185 enquiries received throughout the marketing process. The asset was successfully sold to a local private investor, further demonstrating the depth of domestic capital seeking stable, income-producing investments.
Andrew Sacco, who negotiated the sale alongside Joseph Assaf, said the result reflects the continued strength of the market for well-located, essential-service retail assets.
“This level of enquiry highlights just how tightly held and sought-after these drive-through retail investments are, particularly when underpinned by a national tenant like BWS,” Mr Sacco said.
“Assets offering secure long-term income and operational convenience, such as drive-through formats, continue to outperform and attract strong competition from private investors.”
Joseph Assaf added that the pricing outcome and yield profile demonstrate ongoing confidence in the retail investment sector despite broader market uncertainty.
“Transacting at a 3.92 per cent net yield is a clear indication of the premium investors are willing to pay for assets that combine income security with long-term tenant demand,” Mr Assaf said.
“Drive-through liquor retail has become an increasingly attractive sub-sector, driven by consumer convenience and strong tenant performance, and we expect continued demand for similar opportunities.”
The sale further reinforces a broader trend of investors gravitating toward essential retail assets with proven tenants and long-term leases, particularly those offering ease of access and strong underlying land value.
With limited supply and increasing competition, assets of this nature - especially those held for multiple decades - are expected to remain highly coveted within the investment market.
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