Recent Deals for Saturday April 13

6:30 PM Friday April 12, 2019 True Commercial’s Recent Deals

This two-level character building at 285-291 Ponsonby Rd sold for $4.75m. Photo / Supplied

Three Lamps character

A two-level 488sq m character building at 285-291 Ponsonby Rd, in the Three Lamps precinct, sold for $4.75m, at a 4.91 per cent yield, through Damien Bullick, Jean-Paul Smit, Alan Haydock and Cameron Melhuish of Bayleys Auckland City & Fringe division.

Americans by Canterbury forest

The 847ha Glen Arlie forest in Canterbury was bought by a US-based forestry company for more than $10m in a deal brokered by Colliers International’s Warwick Searle and Roger Seavill.

Matamata dairy unit

A 135ha dairy unit on Rapurapu Rd, Matamata, has been sold for $8.5m by Mike Fraser-Jones, of Bayleys Waikato. The farm’s production average over the last three years is 290,099 milk solids.

Papatoetoe commercial building

A 613sq m two-level commercial building on a 736sq m site at 35-37 East Tamaki Rd, Papatoetoe, sold for $1.6m through Tony Chaudhary, Amy Weng and Janak Darji, of Bayleys South Auckland.

Sentinel building Takapuna

180sq m occupied by a Malaysian restaurant on the ground floor of the Sentinel building, 3-9 Northcroft St, Takapuna, sold for $900,000 through Adam Curtis, Adam Watton and Damian Stephen, of Bayleys North Shore Commercial.

Papamoa warehouse

A 420sq m warehouse plus a 104sq m dwelling on a 1005sq m commercially zoned site at 39 Enterprise Drive, Papamoa, has been sold for $1.15m by Jo Stewart and Myles Addington, of Bayleys Tauranga.

Mt Eden property

A Mount Eden property tenanted by Geoff’s Emporium has been sold for $2,625,000 at a 4 per cent yield, by Kris Ongley, Jonathan Lynch and Ned Gow, of Colliers International.

Te Rapa new industrial

A newly built industrial property in Te Rapa, Hamilton, has been sold for $3.31m by Alan Pracy and Blair Hutcheson, of Colliers International Hamilton, with a referral from Duncan Woodhouse, of Colliers Tauranga.

Former AUT building

A two-level 1929sq m office building on a 3834sq m corner site with 66 parking spaces at 607 Great South Rd, Manukau, sold for $5.4m through Damien Bullick, Alan Haydock, Bayleys Auckland; and Janak Darji, Bayleys South Auckland. 

Taradale retail property

A 194sq m retail property leased to ASB Bank in Taradale, Napier, has sold for $1.08m at a yield of 6.31 per cent. The sale of 276 Gloucester St was brokered by Dan Walker of Colliers.

Epsom childcare centre

A 210sq m childcare centre on an 804sq m site at 24 King George Ave, Epsom, marketed by Bayleys’ Tony Chaudhary, Angela Yang and Damien Bullick, has sold for $2.29m at a 3.89 per cent yield.  It has a six-year lease from November 2018 to Red Kite Preschool.

Wiri Station Park duo

Two industrial units totalling 566sq m in the Wiri Station Business Park, at 114 Wiri Station Rd, have sold for $1.99m through Bayleys’ industrial agents Mike Marinkovich and James Hill.

Napier South offices

A commercial property at 3 Bower St, Napier South, has sold for $1m at a yield of 8.17 per cent. It comprises a 540sq m, two-level office building with an NBS of 80 per cent, on a 383sq m freehold site. The sale was brokered by Dan Walker of Colliers.

Vacant unit in Orbit

A 264sq m commercial unit at 4 Orbit Dr, Albany sold vacant for $1,155, 000 through Jane McKee and Matt Mimmack, Bayleys North Shore Commercial.

Paraparaumu redevelopment site

A 10,135sq m redevelopment site zoned Outer Business with frontage to Kapiti Rd, Amohia St and Waimarie Ave, Paraparaumu, has sold for $4,205,000  through Stephen Lange and Sharon Vodanovich, Bayleys Wellington. The land is in nine titles.