A two-level, 1571sq m building on a 1013sq m site at 1220 Hinemoa St, Rotorua, has been sold by Bill Wilson and Mark Rendell of Bayleys Rotorua for $1,340,000 at a 13 per cent yield.
Colliers win at Ascot Park
Bryce Holmes and Peter Kermode of Colliers International
have sold units GA1 and GA2 at Ascot Office Park on behalf of Riva Properties Ltd to a private investor for $2.1 million, at a yield of 7.38 per cent. The property was returning $155,000 per annum net and has just under five years remaining on a lease to Fresenius Medical Care (FMC).
Otahuhu warehouse and offices
Peta Laery and Rob Farmer of Bayleys Manukau have sold to an owner occupier for $1.9 million a 2577sq m four-bay warehouse at 192 James Fletcher Drive, Otahuhu, with 509sq m of offices and amenities, on a 4781sq m Business 6-zoned site in four titles.
Henderson live-and-work
Glenda West of Ray White Commercial West Auckland has sold Unit 1/10 Corban Avenue, Henderson, a modern, well-appointed 265sq m live-and-work building, fully leased for $387,500.
Mt Maunganui shop
A 664sq m building at 425 Maunganui Rd, Mt Maunganui, with ground floor retail and first floor residential on a 634sq m commercially zoned site in two titles, has been sold for $1,162,500 at a 7.7 per cent yield by Brendon and Lynn Bradley of Bayleys Tauranga.
$1m Devonport corner site
Simon Aldridge and Michael Block of Bayleys North Shore, have sold a 170sq m single-level building on a high profile 298sq m corner site at 46 Victoria Rd, Devonport, for $1 million at a 4.3 per cent yield.
