RECENT DEALS for Saturday, March 4
This Napier hotel, leased to Quest, has been sold for $7.1 million. Photo / Supplied
Napier Quest hotel
A 2692sq m, 47-room hotel at 176 Dickens St, Napier, on a new 10-year lease to a Quest serviced apartment franchise has been sold by Colliers International brokers Ian McLachlan and Jack Elliott by negotiation for $7.1m.
Wairau Valley warehouse
A vacant 868sq m office/warehouse facility at 1/188 Target Rd, North Shore has been sold post-auction for $1.65 million by Euan Stratton, Matt Prentice and Shoneet Chand of Colliers International.
A 1019sq m commercial building on 1533sq m at 230 Great South Rd, leased to health care service providers until 2020, sold for $3,450,00, a 6.01 per cent yield through Tony Chaudhary, Amy Weng and Janak Darji, Bayleys South Auckland.
Albany timber yard
A 2737sq m former timber yard zoned Light Industry has sold with vacant possession for $3m at $1096 per sq m through Ranjan Unka and Anna Radkevich of Bayleys North Shore Commercial and Andrew Smith of Bayleys Wellington
Gisborne Corrections office
A 1216sq m office on a 2024sq m freehold site at 156 Kahutia St, Gisborne, and with a long-term lease to the Department of Corrections, has been sold by Colliers International brokers Cam Ward and Kerry Geange by negotiation for $4.8m.
Queen St top floor
The 228sq m on the top floor of a 14-level office building at 175 Queen St in Auckland’s CBD sold vacant for $1m through Quinn Ngo and Matt Lee of Bayleys International Division. The floor has had an extensive recent modern fit-out.
Mt Maunganui retail
A 440sq m retail building on a freehold 675sq m property at 24 Pacific Avenue has been sold by Simon Clark, Rob Schoeser and Hadley Brown of Colliers International for $3.1m representing a yield of 4.3 per cent.
A 609sq m industrial building, which the vendor will repaint and re-carpet on a 894sq m Mixed Use zoned site at 51-53 Church S and 2 Fleming St, has been sold vacant for $2.2m through James Valintine of Bayleys Auckland.