Recent Deals for Saturday March 17

12:00 PM Friday March 16, 2018 True Commercial’s Recent Deals

This heavy industrial site at 250 Roscommon Rd, Wiri, sold for $8m. Photo / Supplied

Wiri heavy industrial

A 1.7419ha heavy industrial site at 250 Roscommon Rd, Wiri, on the corner with Bolderwood Place, has sold for $8m at a 5 per cent yield through Sunil Bhana, James Hill and Mike Houlker, Bayleys Auckland. The property is leased to Asphalt Supply Company until November 2022 with no renewal rights and a rent increase in October to $450,000pa net.

Eden office block

A 577sq m two-storey commercial office block on a 341sq m site at 60 Mt Eden Rd, Auckland, has been sold to a private investor for $2.6m by Jonathan Lynch and Kris Ongley of Colliers International.

Napier warehouse

A 1210sq m industrial warehouse property on a 2024sq m site at 15 Edmundson St, Napier, has been sold to a private investor for $1.4m by Dan Walker of Colliers, Hawkes Bay.

Ponsonby Rd site

A 569sq m site at 223 Ponsonby Rd, with resource consent for a boutique mixed-use retail and apartment development, sold for $4.1m at $7205 per sq m through Alan Haydock and Damien Bullick, Bayleys Auckland. It is now generating $131,040pa from four two-bedroom residential units.

Albany office space

A 255sq m professional first-floor office space, E4 at 27-29 William Pickering Dr, Albany, has sold to an owner-occupier for $940,000 in a deal was brokered by Janet Marshall, Kerry Cook and Matt Prentice of Colliers.

Mount commercial building

A 522sq m two-level commercial building on an under-developed 918sq m CBD site at 185-187 Maunganui Rd, Mt Maunganui, sold for $3.8m at a 4.07 per cent yield. Marketed by Bayleys’ Brendon and Lynn Bradley, the property has three ground floor retail and two upstairs office tenants plus an 86sq m rear garage studio lease.

Maunganui bare land

A 4059sq m bare land freehold industrial site at 72 Portside Dr, Mt Maunganui, sold for $2.45m at $603.5 per sq m through James Ross, Brendon and Lynn Bradley, Bayleys Tauranga.

Rotorua Tutanekai retail

A 215sq m fully leased CBD retail building with four tenants at 1226-1232 Tutanekai St, Rotorua, sold for $1,188,000 at a 9.01 per cent yield, through Brei Gudsell and Mark Slade, Bayleys Rotorua.