Sold Leased

  • 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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