RECENT DEALS for September 13th
Recent Deals for Saturday September 13th
Post auction in Kingsland
A 683sq m commercial building at 355 New North Rd, Kingsland, has been sold to an owner occupier for $1.6 million the day after an auction through John Davies and Peter Kermode of Colliers International. The three level office and warehouse building with 12 offstreet car parks is in good condition and is being vacated by its long time owner occupier, Urgent Couriers, which is moving to a bigger property.
Mt Maunganui industrials
Two industrial properties on 2372 sq m of land at 69-73 Aviation Avenue, Mt Maunganui, and generating $89,876 in annual rental from a new five-year lease, have been sold at auction to an investor for $1,285,000 at a 7 per cent yield through Simon Clark and Rob Schoeser of Colliers International. Buildings on site include a high stud warehouse and two bedroom apartment with an exclusive outdoor area.
Colour coating complex
A6748 sq m industrial complex on a 1.234 ha site at 968 Great South Rd, Penrose has sold for $6.8 million at a 7.6 per cent yield through Sunil Bhana, Mike Houlker and James Hill of Bayleys Auckland. It is fully occupied by Pacific Coilcoaters on a nine-year lease from April 2011, with one six-year right of renewal and is used colour coat long run roofing iron.
Manurewa childcare centres
Two neighbouring childcare centres totalling 500 sq m on 1631sq m of land at 159A & 161 Russell Rd, Manurewa, and occupied by one tenant on a 10 year lease from June 2013, have sold for $2,304,000 at a 7.55 per cent yieldthrough Tonia Roberston of Bayleys North Shore Commercial and Mark Pittaway of Bayleys Auckland.