RECENT DEALS for Saturday, February 11
This office and warehouse complex at 60 Hugo Johnston Drive, Penrose, sold for $5.45m. Photo / Supplied
Penrose office and warehouse
A 1117sqm two-level office building and a 1087sq m standalone warehouse on a freehold 4175sq m freehold industrial property at 60 Hugo Johnston Drive, Penrose, was sold by Paul Jarvie, Brad Johnston and Greg Goldfinch of Colliers International for $5.45mrepresenting a yield of 6.72 per cent.
Dunedin retail site
A 961sq m retail site at 155-161 King Edward St, Dunedin, has been sold by Dean Collins of Colliers International for $1.94m - a yield of 7.2 per cent.
Rosebank Avondale units
Two commercial units in the Harbourside Business Park in Rosebank Rd, Avondale, have sold to one buyer for $5.75m through Alan Haydock and Damien Bullick of Bayleys Auckland City & Fringe division. A 1428sq m two-level office building at 527A, comprising three strata titles with 48 on-site carparks and four tenants on short term leases, sold for $4m at a 6.95 per cent yield. A 444sq m top floor office in two unit titles, at 527B and occupied by the head office of Cadpro Systems, sold for $1.75m at 6.3 per cent yield.
Big East Tamaki sale
A 5863sq m modern office and warehouse facility at 27 Zelanian Drive, East Tamaki, has been sold for $8.48m by Andrew Hooper, Greg Goldfinch, Paul Higgins and Brad Johnston of Colliers International.
Vacant Albany property
A 1001sq m vacant office warehouse building covering only around 20 per cent of the 3575sq m site at 5 William Pickering Drive, Albany, has sold vacant for $3.5m through Ashton Geissler and Matt Mimmack of Bayleys North Shore Commercial.
Tauranga industrial building
A 1345sq m industrial building at 116 Maleme St Tauranga, comprising three medium sized fully-leased units on a rear 3138sq m site, has sold for $1,875,000 at a 6.5 per cent yield, through Brendon and Lynn Bradley, and James Ross of Bayleys Tauranga.