RECENT DEALS for October 3
This two level commercial building in Wairau Valley on the North Shore sold for nearly $5 million.
A 1884sq m two-level commercial building, with 49 parking spaces, in the Epicentre Retail Park, 75 Porana Rd, Wairau Valley, has sold for $4,917,300 through Tonia Robertson, Bayleys North Shore Commercial. Producing net annual rental income of $317,300, the building has a large bulk retail outlet and warehousing on the ground floor, which the Appliance Shed occupies. The first floor has office tenancies with 168sq m occupied and 243sq m vacant.
Knight Frank directors David Aldridge and Josh Franklin and associate director Damon Wyllie have sold a 6000sq m warehouse and office building at 48 Cryers Rd, East Tamaki, for $11,333,000.
A 550sq m commercial building on a freehold 1019 sq m site at 15 Newton St, Mt Maunganui, has been sold at auction for $1,350,000 by Simon Clark and Rob Schoeser of Colliers International. The sale price represented a yield of 4.79 per cent.
Belmont North Shore
An 814sq m commercial property with a cafe and two residential apartments on a freehold site at 13 Williamson Ave, Belmont, North Shore, has been sold at auction for $1.71 million by Matt Prentice, Euan Stratton & Shoneet Chand of Colliers International. The sale price represented a yield of 5.55 per cent.
Albany office unit
A 117sq m ground floor office unit at 75 Corinthian Drive, Albany has sold with vacant possession for $650,000 through Jane Sims, Tonia Robertson and James Yu, Bayleys North Shore Commercial after strong bidding at Bayleys’ Total Property auction. It is part of a commercial development adjoining the District Court.