Recent Deals for Saturday February 10

4:36 PM Friday February 9, 2018 True Commercial’s Recent Deals

This industrial building at 1-3 Parkhead Place, Albany, sold for $5.1m. Photo / Supplied

Refurbished Albany industrial

A recently refurbished 2424 sq m industrial building with five tenants on a high profile 4532 sq m road front site at 1-3 Parkhead Place, Albany, sold for $5.1m at a 7.7 per cent yield through Alex Strever, Laurie Burt and Matt Mimmack of Bayleys North Shore Commercial.

New Plymouth site

A 9266 sq m industrial site, with 2026 sq m of high and medium stud warehousing, at 690-694 Devon Rd, New Plymouth; that has massive exposure to SH3; sold with vacant possession for $2.3m through Mike Adams of Bayleys Auckland; and Iain Taylor and Alan Johnston of Bayleys Taranaki.

Great South Rd office

A 3363sq m office property on a 4129sq m freehold site at 323 Gt South Rd, Ellerslie, has sold for $10.5m in a deal brokered by Simon Child, Gareth Fraser and Michael Van der Putten of Colliers International.

Palmerston North development

Grant Lloyd, Doug Russell and Phil Nevill of Colliers brokered the sale of a 2.306ha industrial land development site at 34 Setters Line, Palmerston North, for $2,652,360.

Lovergrove Otara buildings

Two office buildings with inter-connecting ground levels, totalling 2781sq m on 6070sq m of land at 52 Lovergrove Cres, Otara, have sold for $3,875,000 representing a 9.03 per cent yield, through Sunil Bhana and James Hill of Bayleys Auckland; and Tony Chaudhary and Janak Darji of Bayleys South Auckland.

Hawkes Bay station

A sheep and beef finishing property of about 577ha, owned by Okaharau Station Ltd, at 1790 Elsthorpe Road, Central Hawke’s Bay, has sold by tender for $8,025,000 in a deal brokered by Mike Heard and Hadley Brown of Colliers.