RECENT DEALS for Wednesday November 29

2:59 PM Tuesday November 28, 2017 True Commercial’s Recent Deals

45A Normanby Rd, Mt Eden. Photo / Supplied

Mt Eden industrial

A 582sq m vacant industrial property with a 385sq m warehouse at 45A Normanby Rd, Mt Eden, was sold through JLL agent Ben Jamieson for $2,058,000.

Hobson St CBD building

A 1123Ssq m five-level, mixed use building on a 455sq m site at 4 Hobson St in Auckland’s CBD, sold for $5,218,000 through Quinn Ngo, Matt Lee, James Chan and Robert Platt of Bayleys Auckland. A short-term language school lease on levels one and two generates annual income of $159,000. There is a vacant two-level, four-bedroom apartment above.

Onehunga warehouse

A 459sq m freehold industrial warehouse on 556sq m of land at 51 Angle St, Onehunga, sold for $1,345,000 in a deal brokered by Jeremy Barnett and Ben Cockram of Colliers International.

Grey Lynn laundry leased

A 147sqm industrial unit at 60A Surrey Cres, Grey Lynn, which has been leased by Surrey Cres Laundry since 2007, was sold by JLL agents Alex Wefers and Jarred Hill for $728,000 — representing a 5.08 per cent yield.

Penrose showroom potential  

A 550sq m modern warehouse and office building with showroom potential at 4B Walls Rd, Penrose, was sold with vacant possession for $2.05m through Phil Haydock and Mike Adams of Bayleys Auckland. It comprises 260sq m of warehouse space with two levels of offices on the road frontage.

Auckland hostel sells 

The 179sq m 10-room Central Hostel at 47 St Paul St, Auckland CBD, plus a parking space, has sold for $1.18m through David Han, Bayleys North Shore Commercial. It was established in 1996 to provide student accommodation with casual and long-term lodging options.

Refurbished in Christchurch

A high-profile 238sq m fully refurbished industrial warehouse at 2/163 Wordsworth St, Christchurch, has sold for $400,000 in a deal was brokered by Christian Kellar and Oliver Salt of Colliers International. 

Petone office lease

A 1604sq m commercial office at 8 Te Puni St, Petone, has been leased by Cook St Properties Ltd to Mavero Ltd (Flip Out Franchise) on a six-year lease term for $250,000 per annum in a deal brokered by Ben Taylor of Colliers International.