RECENT DEALS for Saturday December 3

5:00 AM Saturday December 3, 2016 Paul Charman

This suburban North Shore child care centre in Hillcrest sold for over $3 million

Hillcrest childcare centre
A 270sq m child care centre on a 900sq m site at 51 Eban Ave, Hillcrest, North Shore, has been sold at auction for $3,010,000 by Shoneet Chand & Peter Kermode of Colliers International.

The sale price represented a yield of 5.5 per cent.

Papakura building site
The site of an abandoned development project encompassing 2.85ha of vacant industrial land at 14-16 Parker St, Papakura, has sold for $4,560,000 at $158.60 per sq m through Shane Snijder and Peter Migounoff, Bayleys South Auckland.

Over $1.7 million had been spent on pre-construction site-works with a geo-tech report and plans for a 3000sq m building also undertaken.

Newmarket commercial unit
A 680sq m commercial unit at 1B, 3 Melrose St, Newmarket, has been sold for $2,950,000 by Jonathan Lynch, Peter Kermode, John Davies, Charlie Stow and Michael van der Putten of Colliers International.

Henderson retail unit
A 450sq m retail unit at 21 Catherine St, Henderson, has sold for $2m at a 5.5 per cent yield through Ed Donald, Bayleys Auckland and Tony Chaudhary, Bayleys South Auckland.

It is occupied by an Aussie Butcher outlet on a new six-year lease with two four-year rights of renewal.

Albany office warehouse
An under-utilised 3575sq m industrial site with a well maintained 1001sq m office and warehouse building, at 5 William Pickering Drive, Albany, has sold vacant for $3.5m through Ashton Geissler and Matt Mimmack, Bayleys North Shore Commercial.

Constructed in the early 1990s for multinational pharmaceutical company Shering AG, the building occupies only around 20 per cent of the landscaped grounds, with 31 on-site parks.

Timaru The Landing units
Four new retail units ranging in size from 86sq m to 199sq m at The Landings, SH1, Timaru, have been sold at auction for a total of $3,267,000 by Courtney Doig, Paul Vining, Charlie Oscroft and Gareth Fraser of Colliers International.