RECENT DEALS for Monday, March 13
The property housing this childcare centre in Airport Oaks sold for $4,370,000. Photo / Supplied
Airport childcare centre
A 900sq m childcare centre on a 3000sq m site at 77 Aintree Ave, Airport Oaks, with a 12-year lease to Bright Sparks Childcare, plus two six-year rights of renewal, has sold through Mark Pittaway of Bayleys Auckland for $4,370,000 representing a 6.25 per cent yield.
Hamilton industrial retail
A 681sq m industrial and retail unit at 9/69 Vickery St, Hamilton, was sold by John Hagar of Colliers International at auction for $1,420,000 for a 5.68 per cent yield.
East Tamaki unit
David Wards, industrial sales and leasing broker with Knight Frank, has sold Unit F, 89 Springs Rd, East Tamaki, for $1m representing a yield of 5.2 per cent.
Orewa commercial building
A 316sq m commercial building on a 559sq m site with a Town Centre zoning and 11 car parks at 21 Tamariki Ave, Orewa, has sold for $1,425,000 through Rosemary Wakeman ofBayleys North Shore Commercial and Mustan Bagasra of Bayleys Orewa.
Te Puke Countdown
A Countdown Te Puke freehold site at the corner of Boucher Ave and Queen St has been sold at auction for $2,850,000 following its marketing by Mark Brunton, Simon Clark and Rob Schoeser of Colliers International. The sale represented a yield of 7.4 per cent.
Greenlane ground floor office
A 435sq m ground floor office unit, previously used as medical premises, and having 10 car parks, located in the Ascot Business Park at Ascot Ave Greenlane has been sold vacant for $2.1m though Gordon Gibson of Bayleys South Auckland and Matt Gordon of Bayleys Auckland.
Mount corner site
A 1644sq m industrial corner site on two titles at 42 Hewletts Rd, Mt Maunganui, has sold at auction for $2,560,000, representing a yield of 5.15 per cent, following its marketing bySimon Clark and Rob Schoeser of Colliers International.
Penrose one-level retail
A 413sq m single-level retail building on an 822sq m site with seven car parks at 39 Station Rd, Penrose, sold for $1,185,000 at a 5.3 per cent yield through Cameron Melhuish and Andrew Wallace of Bayleys Auckland. The property is occupied by NZ Post/Kiwibank on a lease until August 2018 with a three-year right of renewal.