Recent Deals for Saturday November 3

8:08 PM Friday November 2, 2018 True Commercial’s Recent Deals

This industrial property in Wiri sold off market for $12.3m. Photo / Supplied

Off-market Wiri sale

Savills senior negotiator Simon Andrews has brokered the sale of a large industrial property at 12 Hautu Dr, Wiri, to listed entity Property for Industry. The property, tenanted by Kiwi Steel, comprises a 5000sq m office-warehouse on a 10,946sq m site. The $12.3m transaction, with a yield of 5.25 per cent, was concluded off-market following an approach to the landlord by Savills on behalf of PFI.

Near $200m Wellington sale

The Wellington Spark Central building has sold for close to $200m, in what brokers say is one of the largest sales of its kind in the country. The building at 40-48 Willis St, owned by The Wellington Company, sold to an investment group for $197.5m in a deal brokered by Matthew St Amand and Brent McGregor of CBRE NZ.

Takanini industrial site

A large industrial site at 1 and 1/15 Spartan Rd, Takanini has sold for $16.85m at a 6.23 per cent yield through Bayleys agents Chris and Ben Bayley, Sunil Bhana and James Hill with a new 12-year lease back to the vendor, Hall’s Refrigerated Transport Ltd, plus two six-year rights of renewal. It comprises 2.1154ha of industrial land with over 1ha of yard area and about 3700sq m of warehouse, coolstore and office accommodation.

St Johns warehouse

A 1629sq m warehouse and office facility on a 2154sq m freehold title at 4 Farmhouse Lane, St Johns, Auckland, has sold with vacant possession for $4.35m. The deal was brokered by Colliers industrial specialists Hamish West and Andrew Hooper.

Henderson upgraded lodgings

A fully refurbished and upgraded 267sq m 14-room accommodation facility on an 802sq m site at 2 Tara Rd, Henderson, has sold vacant for $1,718,500 through Bayleys’ Damien Bullick and Alan Haydock.

Westmere retail block

A multi-tenanted retail block on a 741sq m future redevelopment site in Westmere, Auckland, has sold at auction for a yield of 1.5 per cent. The $3m sale of 127-131 West End Rd was brokered by Kris Ongley and Jonathan Lynch of Colliers investment sales team in conjunction with retail national director Leroy Wolland.

Hamilton commercial building

A commercial office building on a 2009sq m freehold site at 26 Clarence St, Hamilton CBD, has sold for $1,884,000. The off-market deal was brokered by Alan Pracy and Mark Brunton of Colliers’ Hamilton office.

Papatoetoe ground floor unit

A 381sq m ground floor retail unit, previously occupied by ANZ Bank, at 77 St George St Papatoetoe, was sold vacant to an owner-occupier for $1.15m through Tony Chaudhary, Janak Darji and Amy Weng of Bayleys South Auckland. It is part of a four-level mixed use building with apartments above.

Fully leased in Tauranga

A fully leased 360sq m single level commercial building on a 1005sq m site with 17 car parks at 1339 Cameron Rd, Tauranga, has sold for $1.2m at a 5.46 per cent yield through James Ross of Bayleys Tauranga.

Petone vacant high-stud

A 3000sq m high-stud Petone warehouse, with drive-through access and dual frontage on a 6070sq m site at 20-24 Hautonga St, was sold vacant for $3,915,000 by Richard Faisandier, Bayleys Wellington.

Hastings with ANZ tenant

A 456sq m retail unit with 19 on-site car parks at 1026 Heretaunga St West, Hastings, leased to ANZ Bank, has sold off-market for $1,805,000, a yield of 6.06 per cent. The deal was brokered by Danny Blair of Colliers International Hawke’s Bay.

Lifestyle block zoned Industrial

A 1.56ha site at 1137 Omahu Rd in Twyford, Hastings, has sold for $1.8m. Zoned General Industrial, the property comprises a lifestyle block with a 240sq m character home, 448sq m steel portal shed and 112sq m canopy. The deal was brokered by Rob Nankervis and Hadley Brown of Colliers Hawkes.

Hawke’s Bay industrial

Nankervis also brokered the sale of 1/1424C Omahu Rd – 3742sq m Hastings industrial property with a sealed yard and a 1640sq m high-stud warehouse and office sold for $1.8m - a yield of 8.47 per cent.