RECENT DEALS for September 6th
Commercial property for Saturday September 6th
Styleline Kitchens unit
A well presented retail unit of 77 sq m at 10/78-80 Paul Matthews Rd, Rosedale, within the busy corner Paul Matthews Rd commercial complex has been sold at auction for $328,000 through Dave Lane of NAI Harcourts North Shore.. Styleline Kitchens Limited has occupied the unit for over seven years and has just signed a new three year lease for $21,540 per annum plus GST.
Post auction Hamilton sale
A multi tenanted retail and office investment property at 44 Bryce St, Hamilton, has been sold post auction on behalf of a UK retail investment fund to an Auckland based investor for $2,380,000 through Alan Pracy and Justin Oliver of Colliers International. The 978 sq m property in Hamilton’s central business district generates $211,679 in annual net rent and is occupied by Baby Factory, Ming City and Elite School of Beauty.
Rosebank Rd site
Meir Alfassi of Harveys Te Atatu has sold a 1585 sq m freehold road frontage site with 700 sq m of tilt slab factory, showroom and offices at 561 Rosebank Rd, Avondale, for $1,050,000 or $662 per sq m to a wholesaler owner occupier who is looking to build within the next two years.
Matakana surf shop
A 118 sq m retail outlet leased to The Bach surf shop on 1049 sq m site with 17 car parks at 19 Matakana Valley Rd, Matakana, near Warkworth, has sold for $1.2 million at a 5.4 per cent yield through Duncan Napier of Bayleys Warkworth.
East Tamaki industrial
A 452 sq m industrial unit at 138 Harris Rd, East Tamaki, with a 320 sq m warehouse, 60.5 sq m office and 71.5 sq m, showroom has been sold vacant for $850,000 through Katie Wu and John Bolton of Bayleys Manukau.
BNZ bank branch
A 1601 sq m two-level building with naming rights to tenant BNZ on the corner of Te Rapa Rd and Mahana Rd, Hamilton, has been sold for $865,000 through Justin Oliver and Alan Pracy of Colliers International.
Gateway to Coromandel
A freehold 3499 sq m industrial and retail site at 7-9 Puke Rd, Paeroa, at the southern gateway to the Coromandel Peninsula, has been sold at auction for $370,000 by Rex Hadley and Russell Smith of NAI Harcourts Hamilton Commercial. Three tenants pay rent of $46,500 per annum plus GST on the underutilised site which has 85 metres of road frontage to State Highway Two along which more than 6000 vehicles pass by each day.