RECENT DEALS for July 18th
This large Pukekohe industrial complex sold for $5.3 million.
Pukekohe industrial complex
A large industrial complex comprising 7276 sq m of buildings on a 3.287 ha site at 12 Cape Hill Rd, Pukekohe, featured in Bayleys Greater Auckland portfolio, has sold for $5.3 million at a 9.1 per cent yield through Shane Snijder, Peter Migounoff and Graeme Moore of Bayleys South Auckland. The property has six well established tenants with an additional building planned for the expansion of one of these.
Albany warehouse showroom
A 1301 sq m warehouse, showroom and office building on a 1729 sq m site at 60 Apollo Drive, Albany has sold for $3,308,000 at a 6.6 per cent yield through Alex Strever and Matt Mimmack of Bayleys North Shore Commercial. The property, featured in Bayleys Total Property portfolio, has a four year lease from October 2013 to Wallace Cotton Limited.
Waiau Pa boutique vineyard
An 8.1 ha boutique vineyard with cellar facility, a large garden and function centre plus a substantial homestead and orchard at 5C Wallace Drive, Waiau Pa, near Clarks Beach, south of Auckland, has sold as a freehold going concern for $2,990,000 through John Algie, Paul Dixon and Stephen Scott of Bayleys Auckland.
Aspiring Lodge Wanaka
With nine years left to run on the lease, the 14 unit Aspiring Lodge Motel on the corner of Dunmore and Dungarvon Streets in the Wanaka CBD has been sold by Steve McIsaac, Barry Robertson and Dean Collins of Colliers International for $2.55 million representing a yield of 4.8 per cent.
Hong Kong buy in Takapuna
Heartland Bank’s 369 sq m retail site at 452-456 Lake Rd, Takapuna, has been sold for $2.34 million on behalf of Steel Limited to a Hong Kong based investment group by Mark Brunton and Euan Stratton of Colliers International with the sale representing a yield of 5.44 per cent.