RECENT DEALS for March 12

11:09 AM Tuesday March 15, 2016 Paul Charman

This Tauranga office building sold for over $2.2 million.

Tauranga two-level office  

A two-level 456sq m office building on a 809sq m site at 15 First Avenue, Tauranga, has sold for $2,205,000 at a 5.4 per cent yield through Brendon and Lynn Bradley and Jo Stewart of Bayleys Tauranga.

Queen St karaoke bar

A 441sq m basement karaoke bar at 239 Queen St in Auckland’s CBD has been sold by James Chan of Bayleys International division to a Chinese purchaser for $3.4 million at a 7.1 per cent yield. There are two 2-year leases in place from mid 2015 plus two 2-year rights of renewal.

Tarndale Rosedale building 

An 890sq m industrial building on a 1258sq m site at 3 Tarndale Grove, Rosedale, has been sold for $1.65 million by Janet Marshall and Ryan de Zwart of Colliers International.

Industrial zoned land sold

Two sections of industrial-zoned land at 51 and 59 Poturi St, Tauranga have been sold for a total of $798,500 by Simon Clark and Richard Davidson of Colliers International.