RECENT DEALS for October 17th

3:57 PM Friday October 23, 2015 Colin Taylor

This Avondale Business 6 site at 32-38 Patiki Rd – identified by a red border – sold for $2.5 million

Avondale site sold to developer

A 2.02 ha Business 6 site at 32-38 Patiki Rd, Avondale, with flagged contamination issues and various older style industrial buildings and workshops, was sold to a developer for $2.5 million by James Hill, Sunil Bhana and Mike Houlker of Bayleys Auckland.

Big Whillans third quarter

Whillans Realty Group has completed $140 million in sales in the third quarter of this year. In a team effort, a 4082 sq m Countdown supermarket constructed in 2013 on a 1.26 ha site on the corner of Lincoln Rd and Universal Drive in Henderson, was sold to Oyster Property Group for $20.2 million representing a 7.3 per cent yield.. In August Henry Thompson and Kathy Ying sold a 4.06 ha Mixed Use zoned vacant development site on the corner of Hobsonville Rd and Brigham Creek Rdfor $16.15 million or $397 per sq m. Thompson teamed up with Bruce Whillans to broker the sale of the 1.64 ha Aeropark Carpark and Aeroparks carpark business at 112 Pavilion Drive, Airport Oaks for $5.7 million or $348 per sq m. The sale included 682 secure on-grade carparks and dual street access.

Balmoral Rd buildings

A Mixed Use zoned 976 sq msite at 189 Balmoral Rd, Mt Eden, close to Dominion Rd and with dual access from Dunbar Rd, was sold for $3,520,000 by James Were and Scott Kirk of Bayleys Auckland. It has two buildings totalling 796 sq m partly occupied and producing holding income of close to $60,000 per annum.  

Wairau Valley commercial unit

A 430 sq m commercial unit occupied by Direct Office Furniture at 75 Porana Rd, Wairau Valley, with 276 sq m of retail and showroom space, 154 sq m of office and eight car parks was sold for $1,099,000 at a 5 per cent yield through Tonia Robertson, Chris White and Trevor Duffin of Bayleys North Shore Commercial. 

Glen Eden property auctioned

A freehold industrial property consisting of three units totalling 750 sq m on a 1396 sq m site at 11B Waikaukau Rd, Glen Eden, has been sold at auction for $760,000 by Craig Smith, Michael Bray and Dhiru Patel of Colliers International.