Mt Wellington industrial

A1780 sq m industrial building on a 2834sq m site with 28 car parks at 24 Vestey Dr, Mt Wellington, sold for $5.15 million at a 4.85 per cent yield through James Hill, Sunil Bhana and Mike Houlker of Bayleys Auckland. Jazz Print, in occupation since 1996, has taken a new six-year lease from settlement with two per cent annual rental increases and two three-year rights of renewal.

Manukau second level office

A 385sq m second storey, open-plan office unit at 6/20 Lambie Dr, Manukau, has sold by negotiation for $1,320,000 with vacant possession. The deal was brokered by South Auckland investment sales brokers Matthew Barnes, Ryan Gibb and Alex Harper of Colliers International.

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CBD Centre St standalone

One of Auckland CBD's smaller freehold standalone properties, a 132sq m building on 134sq m of land at 24 Centre St, has sold at auction for $1.55m at a 3.35 per cent yield through Cameron Melhuish and Andre Siegert of Bayleys Auckland. It is leased to hair salon Wolf & Wolf until February 2019 with two two-year rights of renewal. The property's City Centre zoning allows commercial and/or residential development up to 16m with a permitted floor area ratio of three sq m of building to one sq m of land.

North Harbour property

A 1196sq m office and warehouse tenanted by long-standing Australasian company Vocus (New Zealand) Limited at 7A Parkhead Place, North Harbour, earning $196,000 per annum, has been sold by private treaty to an investor for $3.3m net representing a 5.94 per cent yield. The deal was brokered by Matt Prentice and Euan Stratton of Colliers.

Tauriko Tauranga building

A three-year-old 367 sq m industrial building on a 768sq m site at 24 Whiore Ave, Tauriko, Tauranga, has sold for $1.05m at a 5.03 per cent yield through Graeme Coleman of Bayleys Tauranga. It has two tenants on three-year leases.

Central Nelson Haven

A 736sq m single-storey office building constructed in 2008 on a 1640sq m site with 21 car parks at 19 Haven Rd in central Nelson sold for $2.95m at a 6.2 per cent yield through Paul Vining and Gill Ireland of Bayleys Nelson. It is leased to The Ministry of Education until April 2020, having one three-year right of renewal.