RECENT DEALS for Saturday November 11

4:02 PM Friday November 10, 2017 True Commercial’s Recent Deals

Ground floor office units in this Mt Maunganui complex sold for $2.22 million. Photo / Supplied

Mt Maunganui office units

Adjoining ground floor office units totalling 223sq m at 314 Maunganui Rd, Mt Maunganui, sold for $2.22 million and a 4.49 per cent yield through Brendon and Lynn Bradley at a Bayleys’ Total Property auction in Tauranga. Bayleys Mt Maunganui has occupied the premises for the past 10 years and renewed the lease for a further 10 years from October 2017.

$15m Parnell sale

Following the sale of two Parnell properties — 290 Parnell Rd and 27 Bath St — Henry Thompson of Whillans Realty Group has sold 272 Parnell Rd, a five-level building, for $15m - equivalent to a 6 per cent initial yield.

Albany Kea industrials

Three industrial units developed by Kea Property Group at 63 Corinthian Drive in Albany’s Orchard Park have been sold vacant for a total of $6,295,000 to a mix of owner-occupiers and investors by Bayleys North Shore Commercial. An 834sq m unit sold for $2,835,000 through Matt Mimmack who teamed up with James Yu to sell two 547sq m industrial units for $1.73m each.

Mount industrial property

A 817sq m industrial office/showroom/warehouse on 1312sq m of commercial land suitable for multi uses at 133 Newton St, Mt Maunganui, has sold for $1,910,000 - representing a yield of 5.15 per cent - in a deal brokered by Rob Schoeser and Simon Clark of Colliers International.

Dunedin warehouse/office

About 2700sqm of warehouse and office space at Lots 2 & 11, 180 Dukes Rd, North Taieri, Dunedin, have sold to an owner occupier for $1,150,000 in a deal brokered by Dean Collins of Colliers International. 

Havelock North commercial

A 195sq m commercial building on a 472sq m site at 2A Lindsay St, Havelock North, sold for $815,000 at a 5.61 per cent yield through Jacob Smith of Bayleys Hawke’s Bay. It is occupied by a hair stylist on a 12-year lease from September 2016.

Wairau Valley standalone

A 587sq m standalone commercial office on 809sq m of land at 66 Hillside Rd, Wairau Valley, has sold for $1,920,000. The deal was brokered by Janet Marshall and Mike Ryan of Colliers International.

Grey Lynn high stud

A 245sq m high stud converted warehouse with half-share of a 315 sq m cross-lease section at 10 Monmouth St, Grey Lynn, has sold with vacant possession for $1.45m through James Were and Scott Kirk of Bayleys Auckland.