RECENT DEALS for July 18
This Hamilton building leased to a national Pet Doctors veterinary practice sold for $2,835,000.
Hamilton two-storey building
A two-storey 667sq m building commercial building housing a national Pet Doctors veterinary practice and located on a 1533sq m site at 384 Tristram St, Hamilton was featured in Bayleys’ Total Property portfolio and sold at auction for $2,835,000 at a 6.1 per cent yield through Mike Swanson and Jason Kong, Bayleys Hamilton.
Otara office and warehouse
A 1479sq m office/warehouse facility at 5/15 Lovegrove Cres, Otara has been sold for $1.2 million by Jolyon Thomson, Ben Cockram and Jonathan Lynch of Colliers International.
Cavendish Drive commercial premises
A 430sq m commercial premises at 39C Cavendish Drive, Manukau has been sold for $960,000 by Ash Vincent and Jolyon Thomson of Colliers International.
Gate Pa WINZ building
A 696sq m office building at 2 Tebbs Lane, Gate Pa, Tauranga, built for the Ministry of Social Development in 2013 with an initial nine-year lease, has sold at a Total Property auction for $2.7 million at 6.6 per cent yield through Brendon and Lynn Bradley Mathew Gibbard, Bayleys Tauranga.
Saleyards Rd Otahuhu facility
An office/warehouse facility of about 320sq m, on a 1012sq m freehold site at 12 Saleyards Rd, Otahuhu, has been sold at auction for $815,000 by Jeremy Barnett, Matthew Barnes and Jolyon Thomson of Colliers International.
Converted Grammar-zoned villa
A 114sq m villa, converted for office use, on a 334sq m Grammar-zoned Mixed Use site at 73 Boston Rd, Grafton, sold with vacant possession for $1.7 million through Phil Haydock and Alan Haydock at Bayleys’ Auckland Total Property auction.
Riverhead industrial site
A 17,145sq m industrial site at 24 & 40 Deacon Rd, Riverhead, Auckland has been sold for $4,850,000 by Ryan de Zwart and Jimmy O’Brien of Colliers International.
Bell Block in New Plymouth
An Auckland investor bought a 1.214ha industrial zoned site 55-63 Corbett Rd, Bell Block, with two tenancies for $1,660,000 at a 7.8 per cent yield at a Bayleys Total Property auction in New Plymouth. Marketed by Iain Taylor and Alan Johnston, the property’s anchor tenant is a Bunnings trade store with a scrap metal business at the rear.
Tauranga Durham St offices
A 920sq m A grade office building at 60D, 60E and 60F Durham St Tauranga has sold for $4,315,000 by Simon Clark and Rob Schoeser of Colliers International. The sale price represented a yield of 6.1 per cent.
Cossie Club sold to church
The 839sq m two-level former North Shore Cosmopolitan Club plus 25 parking spaces at 65 Paul Matthews Rd, Albany has sold with vacant possession to a church group for $2.5 million through Adam Watton and Adam Curtis, Bayleys North Shore Commercial
Syndicator buys Hamilton Warehouse
The Warehouse on the corner of Ward and Anglesea Streets, Hamilton, with a floor area of about 8486sq m has been sold to a private syndicator for $11.9 million by Colliers International’s Capital Markets team and Mark Brunton of the Hamilton office.
Mt Wellington bulk retail centre
A 1081sq m unit in bulk retail centre at 39B Mt Wellington Highway has sold for $2,630,000 at an 8.8 per cent yield through Alan Haydock and Damien Bullick, Bayleys Auckland.
Paradise Restaurant in Sandringham
The 321sq m property housing Paradise Restaurant at 14A Kitchener Rd, Sandringham in Auckland has been sold post-auction for $1.88 million, a yield of 4.8 per cent, by Gawan Bakshi and Jonathan Lynch of Colliers International.
Whitianga Gateway site
A 2.6180ha site with a Gateway zoning 9 at Joan Gaskell Ave, Whitianga, has sold for $1.3 million at $49.65 per sq m through Paul Dixon and Mike Adams, Bayleys Auckland.
Nile Rd Milford building
A two level 300sq m office building at 1A Nile Rd, Milford, has been sold for $1,160,000 million by Janet Marshall and Euan Stratton of Colliers International.
Albany industrial properties leased
A freehold standalone industrial building at 239 Bush Rd, Albany, with 1756sq m in warehouse and 264sq m in offices has been leased for $240,000 by Barfoot and Thompson’s Chase Erceg and Simon Farland.
Erceg and Farland have also leased 41A William Pickering Drive, Albany, an industrial building with 1670sq m warehousing, 233sq m of offices and 36 carparks for $244,280.00.