WANGARATTA'S Hungry Jacks fast food outlet will be among a big line-up of properties to go under the hammer next week which will provide a pointer to a commercial property market rebound from COVID-19.
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The restaurant will be offered for sale next Wednesday as part of the first Burgess Rawson portfolio auction since the lockdowns began.
The Wangaratta property will be one of two Hungry Jacks businesses hoping to sell on the day.
It is located nearby a Coles and Kmart-anchored shopping centre and returns $109,738 annually.
Pre-sale expectations is the property with a renewed five-year lease and options to 2027 could fetch around $1.85 million.
The other Hungry Jacks for sale is in Cairns and returns $248,432 per annum with 4 per cent annual rent increases.
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Other properties to be auctioned at Crown Casino include a Caltex service station at Moama, childcare centres and government-leased offices.
Burgess Rawson director Raoul Holderhead said the auction would provide a telling indication of the state of the commercial property market nationally.
"If someone had told us four weeks ago that we would have 17 properties of this calibre, we wouldn't have believed it," he said.
"Burgess Rawson's auctions are always the market's barometer, and never more so than this time around."
Meanwhile, investor interest in the Myrtleford Mitre 10 business has been re-ignited in recent times.
The property, which has been listed for sale for the first time in 30 years, hit the market early in the COVID-19 shutdowns.
But agent Gary Nash said potential buyers from Melbourne and Sydney had started to circle again.
The property with an annual rental of close to $300,000 could sell for more than $3.5 million.
An office building nearby sold for $4.8 million last year.
More than 30 people work at the Dahlens Mitre 10 business which has a present 15-year lease expiring in 2025.
