Industrial warehouse properties at 34, 36 & 38 Ethel St, Morningside, have been sold by JLL agents Alex Wefers and Jarred Hill. They have 19 car parks and sit on a 1976sq m site. Floor sizes range from 501sq m to 603sq m, with a total floor area of 1621sq m. Following an expressions of interest campaign, the units sold to an add-value investor for $5.35m.
Tauranga Tauriko sites
Three freehold vacant pieces of land zoned bulky goods, totalling 8149sq m at 33, 35, and 37 Taurikura Drive, near Tauranga, have sold to a private investor for a total of $3,425,000 in a deal brokered by Rob Schoeser, Simon Clark and Mat Gibbard of Colliers International.
Ngauranga warehouse and offices
A 1038sq m high-stud warehouse and offices on a 5166sq m site at 23 Centennial Highway, Ngauranga, Wellington has sold for $6,128,700 at a 6.77 per cent yield through Fraser Press of Bayleys Wellington. It is occupied by two tenants including the Department of Internal Affairs, with an average nine-year lease term.
Mt Wellington buildings
Two standalone industrial buildings totalling 450sq m on separate titles of 1019sq m at 147 and 147a Marua Rd, Mt Wellington, have sold for $1.86m through Mike Adams and Phil Haydock of Bayleys Auckland. Previously occupied by a panel beating business, the property went with vacant possession.
Wairau Valley post-auction
A 692sq m building comprising five industrial units on one 1017sq m title at 17 Ashfield Rd, Wairau Valley, and fully leased to four tenants, sold post-auction for $1.7m at a 4.45 per cent yield through Trevor Duffin and Ranjan Unka, after being passed in for $1,535,000.
Fully occupied Otahuhu building
A recently refurbished 520sq m commercial building on a 1095sq m site at 35 Atkinson Ave, Otahuhu, and fully occupied by four tenants, was sold for $1.63m at a 6.13 per cent yield through Scott Kirk and James Were of Bayleys Auckland; and Tony Chaudhary of Bayleys South Auckland.
