The Chronicle

SUPER CHEAP’S MULTIMILLI­ON DOLLAR SALE

- SAM TURNER

A PRIME piece of commercial real estate along Dalby’s main street has sold at auction for a cool $2.4m to a local buyer.

Super Cheap Auto at 78 Cunningham St went under the hammer at the end of September, and drew in 12 prospectiv­e bidders in person, online, and over the phone.

Burgess Rawson Commercial Real Estate’s Craig Chapman said the sale brought a yield of 6.43 per cent, which was “very impressive” for a regional asset.

“It was very hotly-contested, the auction,” he said.

“The sale hasn’t been finalised but we had a fair few dial into the auction on the day.”

Mr Chapman said in September the site had been “decked out” recently with new renovation­s, and would rival any hardware stores in Brisbane.

“The whole shop has brand new specs, with new lighting, shelving, and more … it’s like stepping into a Super Cheap in the middle of Brisbane,” Mr Chapman said.

“A business like this will be there for a long time.”

 ?? ?? Dalby's Super Cheap Auto sells for more than $2m. Picture: Burgess Rawson
Dalby's Super Cheap Auto sells for more than $2m. Picture: Burgess Rawson

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