RECENT DEALS for June 13
Five new retail units in this development at 287 Oteha Valley Rd, Albany, sold for $6,968,00.
Albany retail units
Five new and fully-tenanted retail units ranging in size from 100-200sq m at 287 Oteha Valley Rd in Albany have been sold individually at auction for a total price of $6,968,000 by Mike Ryan, Ellie Martin, Euan Stratton and Jimmy O’Brien of Colliers International. Yields for the units, built by Wallace Developments, ranged from 4.6 to 5.1 per cent.
Silverdale office sale
A 283sq m office at 44 Silverdale Street, with two tenants, sold at auction for $1,475,000 on a 5.4 per cent yield through Barry Masefield & Graeme Perigo, Barfoot & Thompson.
Grafton four level building
A four-level, mostly vacant 1050sq m office building on 1607sq m of Mixed Use zoned land with 40 on-site carparks at 56-58 Grafton Rd, has been sold by tender for $4.5million by Alan Haydock and Phil Haydock of Bayleys Auckland City & Fringe Team. The building is vacant apart from Level Two, tenanted by Amtrade NZ and currently producing annual income of $121,724 plus GST.
Waihi funeral parlour
At 8 Devon St, Waihi, 1510sq m of industrial land with a 490sq m purpose-built facility, comprising a funeral parlour and separate three-bedroom home, has been sold by Josh Smith of Bayleys Hamilton for $630,000 representing a 7.5 per cent yield.
Tauriko industrial premises
A new 2272 sq m industrial premises on a freehold 3985sq m property in the Tauriko Business Estate at 47 Paerangi Place, Tauranga, has sold for $4.37 million by Simon Clark, Duncan Woodhouse and Doug Russell of Colliers International. This represented a yield of 5.7 per cent.