RECENT DEALS for August 22nd
This industrial site at 64 Boundary Rd, Papakua, sold at auction for for $2,750,000.
Papakura industrial property
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.
College Hill character space
An immaculate 189 sq m vacant villa offering character office space at 88 College Hill, Ponsonby, with a one third share of a 1116 sq m corner site, sold shortly after a Bayleys Total Property auction for $1,825,000 through Stephen Scott and Trisha Vincent of Bayleys Auckland.
Morningside warehouse and office
A 515 sq m office and warehouse on a 653 sq m freehold site at 5 McDonald St, Morningside, was sold by Peter Kermode and Jonathan Lynch of Colliers International for $1.8 million representing a return of five per cent based on holding income.
Northbridge buys in Westgate
A 3220 sq m, vacant, greenfield, Neil Construction site, designated Lot 13, 99 Fred Taylor Drive, Westgate, was sold to Northbridge Properties for $1.44 million by Sean Finnegan and Craig Newth of Colliers International.
Manurewa vacant site
A4282 sq m vacant sitezoned Business 5 at 327 Great South Rd, Manurewa, has sold for $1,350,000 at $315 sq m through Katie Wu, Roy Rudolph, John Bolton of Bayleys South Auckland.