A 2324sq m office and warehouse facility on a freehold 4960sq m freehold property at 132 Portage Rd, Otahuhu, was sold by Hamish West, Ben Herlihy, Andrew Hooper and Matt Prentice of Colliers International for $4.5m representing a yield of 6.5 per cent.
Great South Rd Papatoetoe
A 1019sq m commercial building on a 1533sq m site at 230 Great South Rd Papatoetoe, leased to two health care service providers until 2020, has sold for $3,450,00 at 6.01 per cent yield through Tony Chaudhary, Amy Weng and Janak Darji of Bayleys South Auckland.
Mt Eden Rd propertyz
A 700sq m two-level commercial office building on a freehold 1070sq m property at 108 Mt Eden Rd, Auckland, has been sold for $4,550,000 by Jonathan Lynch of Colliers International. The sale representing a rate of $4252 per sq m for land and buildings.
Freemans Bay mixed use site
A 490sq m site in two titles and zoned Mixed Use with an18m height limit, on the corner of Scotland St and 44 Ireland St, Freemans Bay, has sold with two adjoining office buildings totalling 282sq m for $3,180,000 at a 2 per cent yield (land value of $6490 per sq m) through Paul Prouse and Ranjan Unka, of Bayleys North Shore Commercial and Stephen Scott, Bayleys Auckland. The property is near a New World supermarket.
Newmarket commercial building
A 464sq m commercial building on a freehold 716sq m property at 7 Edgerley Ave,Newmarket, has been sold by Jonathan Lynch and Simon Child of Colliers International for $3,450,000 representing a land and buildings rate of $4818 per sq m.