THE largest supermarket in Oakley, a satellite town near Toowoomba in Queensland sold at auction last week for $6.1 million.
A private investor purchased the investment from a Sunshine Coast vendor. Leased to IGA until March 2022, the 2673 square metre supermarket, on a 7554 square metre block at 157-163 Bridge Street, sold on a yield of 9.8 per cent.
Four specialty shops (including two leased to a bakery and optometrist) contribute to 15 per cent of the asset’s annual rent. Burgess Rawson’s Pat Kelly and Raoul Holderhead marketed the supermarket.