RECENT DEALS for Monday, March 13

2:56 PM Tuesday March 14, 2017 Paul Charman

The property housing this childcare centre in Airport Oaks sold for $4,370,000. Photo / Supplied

Airport childcare centre 

A 900sq m childcare centre on a 3000sq m site at 77 Aintree Ave, Airport Oaks, with a 12-year lease to Bright Sparks Childcare, plus two six-year rights of renewal, has sold through Mark Pittaway of Bayleys Auckland for $4,370,000 representing a 6.25 per cent yield.

Hamilton industrial retail 

A 681sq m industrial and retail unit at 9/69 Vickery St, Hamilton, was sold by John Hagar of Colliers International at auction for $1,420,000 for a 5.68 per cent yield.

East Tamaki unit 

David Wards, industrial sales and leasing broker with Knight Frank, has sold Unit F, 89 Springs Rd, East Tamaki, for $1m representing a yield of 5.2 per cent.

Orewa commercial building

A 316sq m commercial building on a 559sq m site with a Town Centre zoning and 11 car parks at 21 Tamariki Ave, Orewa, has sold for $1,425,000 through Rosemary Wakeman ofBayleys North Shore Commercial and Mustan Bagasra of Bayleys Orewa.

Te Puke Countdown

Countdown Te Puke freehold site at the corner of Boucher Ave and Queen St has been sold at auction for $2,850,000 following its marketing by Mark Brunton, Simon Clark and Rob Schoeser of Colliers International. The sale represented a yield of 7.4 per cent.

Greenlane ground floor office

A 435sq m ground floor office unit, previously used as medical premises, and having 10 car parks, located in the Ascot Business Park at Ascot Ave Greenlane has been sold vacant for $2.1m though Gordon Gibson of Bayleys South Auckland and Matt Gordon of Bayleys Auckland.

Mount corner site

A 1644sq m industrial corner site on two titles at 42 Hewletts Rd, Mt Maunganui, has sold at auction for $2,560,000, representing a yield of 5.15 per cent, following its marketing bySimon Clark and Rob Schoeser of Colliers International.

Penrose one-level retail

A 413sq m single-level retail building on an 822sq m site with seven car parks at 39 Station Rd, Penrose, sold for $1,185,000 at a 5.3 per cent yield through Cameron Melhuish and Andrew Wallace of Bayleys Auckland. The property is occupied by NZ Post/Kiwibank on a lease until August 2018 with a three-year right of renewal.