Sold Leased

  • RECENT DEALS for January 30th
  • RECENT DEALS for January 23rd
  • RECENT DEALS for December 12th
  • RECENT DEALS for December 5th
  • RECENT DEALS for November 28th
  • RECENT DEALS for November 21st
  • RECENT DEALS for November 14th
  • RECENT DEALS for November 7th
  • RECENT DEALS for October 31st
  • RECENT DEALS for October 24th
  • RECENT DEALS for October 17th
  • RECENT DEALS for October 10th
  • RECENT DEALS for October 3rd
  • RECENT DEALS for September 26th
  • RECENT DEALS for September 19th
  • RECENT DEALS for September 12th
  • RECENT DEALS for September 5th
  • RECENT DEALS for August 29th

    RECENT DEALS for August 29th

    A1982 sq m industrial building on a 4066 sq m site at 7-9 Civil Place in the North Harbour Industrial Estate, Albany, has sold vacant for $4 million to an owner occupier through Matt Mimmack of Bayleys North Shore Commercial; and Mike Houlker and Sunil Bhana of Bayleys Auckland. Completed in 2004, the building comprises 1672 sq m of nine metre high warehousing with a 40 sq m canopy along with 270 sq m of ground floor offices, showroom and amenities.

    Date Aug 2015

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  • RECENT DEALS for August 22nd

    RECENT DEALS for August 22nd

    An 8858sq m industrial site at 64 Boundary Rd, Papakura, with a large yard area having dual access and 960 sq m of high stud, clear span warehousing, was sold after Bayleys Total Property auction for $2,750,000 at a 7.45 per cent yield through Shane Snijder and Peter Migounoff of Bayleys South Auckland. It has annual holding income of $205,000 until February 28, 2016, with a three month termination clause in the lease.

    Date Aug 2015

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  • RECENT DEALS for August 15th

    RECENT DEALS for August 15th

    A 2650 sq m Carters building supplies outleton a 1.1283 ha site with a 768 sq m timber shed at 24 Egmont Rd, Waiwhakaiho, in New Plymouth has sold for $6,250,000 at a 7.7 per cent yield through Iain Taylor of Bayleys Taranaki. Carters has a nine-year lease from 2008 with two six-year rights of renewal.

    Date Aug 2015

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  • RECENT DEALS for August 8th

    RECENT DEALS for August 8th

    Mike Adams and Harry Cheng of Bayleys Auckland have sold two properties in Mt Eden on behalf of the one vendor for $3,940,000. A large two storey dwelling, used for commercial offices but to be converted back to residential use, on a 1122 sq mcorner site at 390 Mt Eden Rd sold for $2,510,000.Twodwellings converted for commercial use on a 688 sq m site zoned Residential 5 at 15 Mont Le Grand Rd, and with a two year lease in place to a charitable trust, sold for $1,430,000 at a 3.5 per cent yield, reflecting underlying land value.

    Date Aug 2015

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  • RECENT DEALS for August 1st

    RECENT DEALS for August 1st

    A 2651 sq m four level building comprising two upper office floors and ground level warehousing with 52 ground and basement car parks on a Mixed Use zoned 1541 sq m corner site at 26-32 Virginia Avenue East, Eden Terrace has sold for $7 million at an 8.94 per cent yield through Alan Haydock and James Were of Bayleys Auckland. A multinational facilities management company occupies the ground and top floors on a six year lease from December 2010 with rights of renewal while Mediaworks occupies the middle floor on a short term lease while its premises are being refurbished.

    Date Aug 2015

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  • RECENT DEALS for July 25th

    RECENT DEALS for July 25th

    The 3424 sq m Westpac building on a 2907 sq m site at 51 Corinthian Drive, Albany, has been sold for $15.15 million by Jason Seymour, Andrew Reed and Shoneet Chand of Colliers International. The sale of the multi-level office building, 76 per cent leased to Westpac with net annual income of about $1.1 million, represents a yield of 7.26 per cent.

    Date Jul 2015

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  • RECENT DEALS for July 18th

    RECENT DEALS for July 18th

    A large industrial complex comprising 7276 sq m of buildings on a 3.287 ha site at 12 Cape Hill Rd, Pukekohe, featured in Bayleys Greater Auckland portfolio, has sold for $5.3 million at a 9.1 per cent yield through Shane Snijder, Peter Migounoff and Graeme Moore of Bayleys South Auckland. The property has six well established tenants with an additional building planned for the expansion of one of these.

    Date Jul 2015

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  • RECENT DEALS for July 11th

    RECENT DEALS for July 11th

    Railway St building An extensively refurbished 1239 sq m two level commercial building at 8-14 Railway St, Newmarket with six tenancies on two-to-four year leases has sold for $6.7 million at a six per cent yield through Scott Kirk and James Were of Bayleys Auckland. Located on a 1823 sq m Mixed Use zoned site with 45 car parks within the Newmarket 196 plan change, the building has ground floor retail showroom and office space and character office accommodation above. Adjacent to rail station A 1031 sq m Mixed Use zoned site at 11A Cheshire St, Parnell, adjacent to the proposed Parnell railway station has sold for $3.4 million at $3297 per sq m through Bayleys’ Mark Pittaway, Colin McKenna, Harry Cheng and Wei Wei Elder. The property has resource consent for a six-level 36 apartment complex, with site works and piling partially completed.

    Date Jul 2015

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  • RECENT DEALS for July 4th

    RECENT DEALS for July 4th

    Queen St retail unit A 260 sq m prime retail unit at 99A Queen St in Auckland’s CBD has sold for $6,660,000 at a 6.07 per cent yield through Alan Haydock and Damien Bullick of Bayleys Auckland. The unit is leased to eyeware retailer Oakley South Pacific Pty for 10 years from 2008, with one five year right of renewal and annual rent reviews to the Comsumer Price Index (CPI) plus 1.5 per cent.

    Date Jul 2015

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  • RECENT DEALS for June 27th

    RECENT DEALS for June 27th

    JLL’s Wellington brokers John Persico and John McKenzie have sold the big Central Institute of Technology (CIT) Campus at 51 Somme Rd in Heretaunga, Upper Hutt, by deferred settlement after conducting an international marketing campaign on behalf of the Ministry of Education. While the sales price of the property encompassing 18.29 ha of freehold land and 28,000 sq m of buildings is confidential, the government valuation of the property was $12.3 million.

    Date Jun 2015

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  • RECENT DEALS for June 20th

    RECENT DEALS for June 20th

    A 5958 sq m commercial building on a 1.2376 ha site at 8 Tolich Place, Henderson, has been sold through Sunil Bhana, Mike Houlker, Mike Adams and James Appleby of Bayleys Auckland for $11.5 million, representing a 9.3 per cent yield on its current rental income. The property has 3197 sq m of office space along with warehouse and workshop facilities plus 173 car parks and a 10 year lease to a multinational screen production company expiring in February 2022.

    Date Jun 2015

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  • RECENT DEALS for June 13th

    RECENT DEALS for June 13th

    A 295 sq m retail outlet in The Foundation retail convenience centre in Oteha Valley Rd, Albany, sold at auction for $2 million at a 5.9 per cent yield after being marketed by Quinn Ngo and James Chan of Bayleys’ international division and Eddie Zhong of Bayleys North Shore Commercial. Featured in Bayleys Total Property portfolio, the space is occupied by the La Porchetta Italian restaurant on an eight year lease from July 2014 with one eight-year right of renewal and annual rent reviews to the Consumer Price Index.

    Date Jun 2015

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  • RECENT DEALS for June 6th

    RECENT DEALS for June 6th

    A1835 sq m office building on a 1490 sq m site with 53 car parks at 131 Khyber Pass Rd,Grafton and a new seven year lease to telecommunications company 2degrees was sold for $7,450,000 at an 8 per cent yield by Alan Haydock and Ben Wallace of Bayleys Auckland.

    Date Jun 2015

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  • RECENT DEALS for May 30th

    RECENT DEALS for May 30th

    Also featured in Bayleys Total Property, a fully leased 1083 sq m building on a 616 sq m site at 136 Karangahape Rd has sold for $3.2 million at a 6.4 per cent yield through Cameron Melhuish and Andrew Wallace of Bayleys Auckland. Rock Shop occupies 465 sq m of ground floor retail space, a long-standing office tenant leases 458 sq m above and 110 sq m of warehousing fronts Cross Street.

    Date May 2015

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  • RECENT DEALS for May 23rd

    RECENT DEALS for May 23rd

    Maat Property Group’s latest property syndication offering 210 parcels of 50,000 $1 shares in an office building at 5 Osterley Way in Manukau CBD has closed oversubscribed. Syndication sales agent, Brian Caldwell of Bayleys North Shore Commercial, says the building was purchased for $18.8 million and investors were offered an initial projected income return of 9.25 per cent per annum.

    Date May 2015

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  • RECENT DEALS for May 16th

    RECENT DEALS for May 16th

    A 3997 sq m renovated two level retail complex, converted from office/warehouse use on a 6075 sq m Business 5 zoned site at 295 Ti Rakau Drive, East Tamaki,has sold by tender for $5.4 million at a 10.2 per cent yield through Ranjan Unka of Bayleys North Shore Commercial, Katie Wu of Bayleys South Auckland and Dickie Nam of Bayleys international division. Featured in Bayleys Total Property portfolio it comprises 13 units with a mix of predominantly ethnic food and beverage and restaurant tenancies.

    Date May 2015

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  • RECENT DEALS for May 2nd

    RECENT DEALS for May 2nd

    Nine 211 sq m live and work units in a recently completed building at 50 Stonedon Drive, East Tamaki have been sold by Mike Marinkovich of Bayleys South Auckland to separate purchasers at a total value of $5,147,500

    Date May 2015

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  • RECENT DEALS for April 25th

    RECENT DEALS for April 25th

    A 1667 sq m development site in two titles at 85 Customs St, in Auckland’s CBD, has been sold for a confidential price in excess of $30 million to a purchaser from mainland China. The sale was negotiated by John Halstead and James Chan of Bayleys Auckland who say the buyer seeks to take advantage of a resource consent granted in 2010 and valid until 2017 which permits a high rise commercial and/or residential development with a gross floor area of up to 35,305 sq m plus just over 200 car parks. It comprises mostly undeveloped land leased to Wilson Parking plus the vacant Seatrans House, which can be demolished under the resource consent.

    Date Apr 2015

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  • RECENT DEALS for April 18th

    RECENT DEALS for April 18th

    A 656 sq m rectangular building with four separate titles on an 893 sq m freehold site at 4 Parity Place, Wairau Valley, has sold for $1.45 million through Euan Stratton Matt Prentice and Mike Ryan of Colliers International with the price representing a yield of 5.75 per cent.

    Date Apr 2015

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  • RECENT DEALS for April 11th

    RECENT DEALS for April 11th

    Bayleys Auckland and Dunedin offices have joined forces in the sale of Quest apartment hotel in Dunedin for $6.3 million to an investor from mainland China. The 42 apartment hotel with 26 car parks on a 1012 sq m site at 333 Cumberland St was sold with a 10 year lease in place from 2012 at a 9.2 per cent yield through Robin Hyndman of Bayleys Dunedin and Dickie Nam of Bayleys’ Auckland based international division. Nam says the purchaser was a wealthy businessman, with an engineering consultancy employing around 500 people in Beijing, making his first investment in New Zealand although he has indicated he intends to purchase more properties here.

    Date Apr 2015

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  • RECENT DEALS for April 4th

    RECENT DEALS for April 4th

    A 6110 sq m warehouse and office building on a 1.1432 ha site at 4 Carr Rd, Mt Roskill, has sold for $7.7 million at a 7.5 per cent yield through Mike Adams, James Appleby and William Coates of Bayleys East Auckland division. Adams says the property has a new five year lease to a multinational tenant and was sold to an investor with long term redevelopment plans.

    Date Apr 2015

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  • RECENT DEALS for March 28th

    RECENT DEALS for March 28th

    Bayleys Manukau has sold five lots of Business 5 zoned land with existing buildings in a nine-lot subdivision at 357 East Tamaki Road, East Tamaki at a total value of $6.4 million. The highest value transaction was of 4800 sq m Lot 8, bordered by open green space and parks with a north easterly aspect, which was sold by Roy Rudolph for $2,180,000. The 5477 sq m Lot 6, located in the centre of the site also with an existing building, sold to an owner occupier through John Bolton for $1,815,000. Three other lots in the 3.412 ha subdivision being undertaken Gaze Property Partnerships sold under the hammer through Bolton, Simon Andrews and Katie Wu to separate purchasers at a Bayleys Greater Auckland auction for a total value of $2,405,000.

    Date Mar 2015

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  • RECENT DEALS for March 14th

    RECENT DEALS for March 14th

    A 7028 sq m central Pukekohe corner site at 65-71 Edinburgh St featured in Bayleys Greater Auckland portfolio and containing a boutique shopping complex and the Saloon Saloon bar and restaurant has sold for $6.2 million through James Chan and Matt Lee of Bayleys Auckland; and Shane Snijder of Bayleys Pukekohe. The sale represented a 7.3 per cent yield and the property, comprising three buildings totalling 2843 sq m and 12 tenancies with 375 sq m of vacant space, was purchased by a development company which Chan says will look to add value to the underutilised site.

    Date Mar 2015

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  • RECENT DEALS for March 7th

    RECENT DEALS for March 7th

    A 2124 sq m high profile site alongside SH16 at 338 Main Road, Huapai, has been sold by Paul Jarvie and Deborah Dowling of Colliers International for $1,831,000 - a yield of 4.3 per cent and equating to $862 per sq m.

    Date Mar 2015

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  • RECENT DEALS for February 28th

    RECENT DEALS for February 28th

    A 2776 sq m industrial building at 18 Poland Rd, Wairau Valley, with 1665 sq m of medium stud warehousing on a 3811sq m site and opposite a Mitre 10 Mega store, has been sold with vacant possession on behalf of a relocating owner occupier for $3.7 million by Matt Mimmack, Laurie Burt and Ranjan Unka of Bayleys North Shore Commercial. Bruce Whillans’ team at Ray White Commercial has achieved $73 million in sales in the first two months of 2015 with Kathy Ying ringing in the Chinese New Year by selling $48 million worth of property to two separate investors based in China including a 4387 sq m Queen Street office tower.

    Date Mar 2015

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  • RECENT DEALS for February 21st

    RECENT DEALS for February 21st

    A 3231 sq m industrial building on a 5856 sq m site in two titles with 92 car parks at 16 –22 Omega St, Albany, has sold for $8.5 million at a 6.5 per cent yield to a private syndicate of investors through Matt Mimmack, Daryl Devereux and Brian Caldwell of Bayleys North Shore Commercial. The building, comprising 8.6 m to 10 m high, clearspan warehousing, air conditioned office and showroom space, has a new five year two month lease to Pacific Brands Workwear, recently acquired by giant Australian multinational Wesfarmers. Cherrywood Shopping Centre with 17 retail and office tenants on Cherrywood Drive, Tauranga, has been sold by Duncan Woodhouse of Colliers International for $3,570,000 million at a yield of 7.1 per cent.

    Date Feb 2015

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  • RECENT DEALS for February 14th

    RECENT DEALS for February 14th

    ACC’s three level, 3150 sq m Auckland CBD headquarters building at 18 Sale St, which generates net annual income of $740,000, has been sold to a private investor for $10.525 million by Charlie Oscroft and Andrew Reed of Colliers International. A 2.927 ha land holding at 709 Te Rapa Rd, Hamilton has been sold for $12.4 million by Alan Pracy and Peter Herdson of Colliers International. The property includes 14,000 sq m of building floor space and is tenanted by manufacturer NDA on a 10 plus year lease, generating $900,000 in net annual income.

    Date Feb 2015

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  • RECENT DEALS for February 7th

    RECENT DEALS for February 7th

    An 889 sq m three level, century-old character building occupied by the Horse & Trap bar and restaurant at 3 Enfield St, Mt Eden has sold for $2.8 million at an 8.5 per cent yield through Alan Haydock of Bayleys Auckland. The 1626 sq m Mixed Use zoned site in three titles has a sealed car park area has development potential.

    Date Feb 2015

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  • RECENT DEALS for January 31st

    RECENT DEALS for January 31st

    A 619 sq m fully leased retail investment building generating net annual income of $164,917 on a high profile corner location at 507-509 Blockhouse Bay Rd has been sold for $3.13 millionby Adam White, Oscar Kuang and Euan Stratton of Colliers International.

    Date Jan 2015

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  • RECENT DEALS for December 6th
  • RECENT DEALS for November 29th

    RECENT DEALS for November 29th

    A consortium of medical specialists has purchased a vacant 1751 sq m retail complex on a 5090 sq m site at 175-179 Cavendish Drive, Manukau, for $5.4 million through Geoff Wyatt of Bayleys Manukau and Roger Revell of Barfoot & Thompson. The property, originally intended for a retail convenience centre, has been empty since its completion last year and encompasses two buildings of 1342 sq m and 410 sq m developed around 77 car parks. Wyatt says the new owners will occupy all of the space apart from a 105 sq m café area with a 72 sq m patio for which a tenant is being sought.

    Date Nov 2014

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  • RECENT DEALS for November 22nd

    RECENT DEALS for November 22nd

    An older 1913 sq m industrial building on a 1606 sq m site zoned Mixed Use at 907-909 Dominion Rd, Mt Roskill, has sold for $2,470,000 at a 4.5 per cent yield through Mike Adams, Will Coates and James Appleby of Bayleys Auckland. Originally the home of the Mt Roskill Sheet Metal Works, that company remains a tenant along with Two Little Angels Furniture Store.

    Date Nov 2014

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  • RECENT DEALS for November 15th
  • RECENT DEALS for November 8th

    RECENT DEALS for November 8th

    Derek Wallwork, managing director of Omega Commercial, sold for $2,785,000 Unit GD of 628.99 sq m with 18 car parks within the Ascot Office Park, 93-95 Ascot Avenue, Greenlane, to a purchaser intending to open a clinic.

    Date Nov 2014

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  • RECENT DEALS for November 1st

    RECENT DEALS for November 1st

    Charlie Oscroft, Peter Herdson and Simon Clark of Colliers International have sold a property occupied by a KFC outlet in Mt Maunganui at 145 Newton St for $3.4 million representing a yield of 5.23 per cent. The property, purchased by a local investor, came with a new 12 year lease to Restaurant Brands.

    Date Nov 2014

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  • RECENT DEALS for October 25th

    RECENT DEALS for October 25th

    Pakuranga Plaza shopping centre was sold by Bayleys on behalf of vendors Ross and Dallas Pendergrast of Ladstone Holdings for $96 million to Singapore-based Stanley Tan, CEO of Global Yellow Pages Ltd and Pang Yoke Min of Southeast Asian investment group GYP Properties.

    Date Oct 2014

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  • RECENT DEALS for October 18th

    RECENT DEALS for October 18th

    CBRE agents Paul Steele and Claus Brewer have sold on behalf of Dormac Properties, a 3400 sq m industrial building on an 8000 sq m site at 72-86 Great South Rd, Takanini, to Depot Investment Ltd for $2.7 million.

    Date Oct 2014

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  • RECENT DEALS for October 11th

    RECENT DEALS for October 11th

    On the market for the first time in 65 years, a 436 sq m original 1950s residential building on 2487 sq m of Business 9 zoned land at 200 Wairau Rd, Wairau Valley, was sold for $1,350,000 by Trevor Duffin and Ranjan Unka of Bayleys North Shore Commercial.

    Date Oct 2014

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  • RECENT DEALS for October 4th

    RECENT DEALS for October 4th

    A high profile commercial office block at 116 Harris Rd, East Tamaki, Auckland has been sold for $10.42 million by Colliers International brokers Andrew Hooper, Greg Goldfinch and Andrew Reed. The 2961 sq m property is generates net annual income of $803,068 and the sale price represents a yield of 8.33 per cent.. Two of the building's tenants, BDO and Kiwiplan, have been in occupation since 2001.

    Date Oct 2014

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  • RECENT DEALS for September 27th

    RECENT DEALS for September 27th

    A two level commercial building with some vacancy on a 1014 sq m site in the heart of Taupo’s CBD at 28 Heuheu St, has been sold for $3,825,000 at an 8.4 per cent yield by Mike Houlker of Bayleys Auckland and Gary Harwood of Bayleys Taupo. The 1970s building was retrofitted in 2001 to provide multiple retail tenancies and upper floor offices giving 13 different tenancies on varying leases terms.

    Date Sep 2014

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  • RECENT DEALS for September 20th

    RECENT DEALS for September 20th

    A 911 sq m complex of fully leased buildings on three titles totalling 1558 sq m at 492-500 New North Road, Kingsland, has been sold for $6,575,000 at 6.8 per cent yield by Scott Kirk of Bayleys Auckland and Tony Chaudhary of Bayleys Manukau. The property is anchored by Neighbourhood Brew Bar and Shaky Isles Coffee Co café operated by Pack Group on 10-year leases running until late 2023 and 2022, along with two smaller tenancies and billboard.

    Date Sep 2014

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  • RECENT DEALS for September 13th

    RECENT DEALS for September 13th

    A 683sq m commercial building at 355 New North Rd, Kingsland, has been sold to an owner occupier for $1.6 million the day after an auction through John Davies and Peter Kermode of Colliers International. The three level office and warehouse building with 12 offstreet car parks is in good condition and is being vacated by its long time owner occupier, Urgent Couriers, which is moving to a bigger property.

    Date Sep 2014

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  • RECENT DEALS for September 6th

    RECENT DEALS for September 6th

    Post auction Hamilton sale A multi tenanted retail and office investment property at 44 Bryce St, Hamilton, has been sold post auction on behalf of a UK retail investment fund to an Auckland based investor for $2,380,000 through Alan Pracy and Justin Oliver of Colliers International. The 978 sq m property in Hamilton’s central business district generates $211,679 in annual net rent and is occupied by Baby Factory, Ming City and Elite School of Beauty.

    Date Sep 2014

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  • RECENT DEALS for August 30th

    RECENT DEALS for August 30th

    HP offices in Christchurch A two level office building at 51 Princes St, Addington, Christchurch, that is fully leased to Hewlett-Packard has been sold for $5.9 million by Stuart Bode and Bruce Whillans of Ray White Commercial. The property generates an annual net income of $490,528 plus and the sale reflects an initial yield of 8.25 per cent. Toll building in Rotorua A refurbished and well-presented property at 31-35 Pururu St, Mangakakahi, within the main industrial zone on the western side of Rotorua, has been sold at auction for $819,000 by Paul Sanford of NAI Harcourts Rotorua. The building was designed to suit the tenant Toll Networks NZ Ltd which pays annual rent of $70,000 plus GST plus outgoings.

    Date Aug 2014

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  • RECENT DEALS for August 2nd

    RECENT DEALS for August 2nd

    Colliers sells Carl’s A Carl’s Jr restaurant property at 100 Nelson Street North, Hastings, has been sold for $2,450,000 to a private investor by Colliers International brokers Charlie Oscroft, Peter Herdson and Cam Ward. It will be leased back by NZX-listed Restaurant Brands paying net annual rental income of $164,500 on a 12 year lease, with further rights of renewal extending 40 years, with rent reviews are every three years. The property comprises a 2027sq m site with a new 278sq m building and 26 car parks.

    Date Aug 2014

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