Morningside freehold site
An 813sq m freehold site zoned Business Local Centre, with an 18m height limit, at 596 New North Rd, Morningside; along with a 295sq m warehouse and office building at the rear sold for $2,520,000 through James Were and Scott Kirk of Bayleys Auckland and City Fringe team. It has two short term leases providing holding income until July 2018 of $69,500.
Modern Wiri building
A modern 600sq m industrial building on a 3140sq m site zoned Light Industry at 20 Hobil Avenue, Wiri, was sold to an owner-occupier for $1,970,000 through Mike Marinkovich of Bayleys South Auckland.
Papamoa commercial
A 830sq m commercial office with apartments upstairs at 558 Papamoa Beach Rd, Papamoa, has sold for $1,330,000 at a yield of 7.7 per cent in a deal brokered by Simon Clark and Grant White of Colliers International.
Wellington warehouse
A 966sq m two-level 1970s' warehouse and showroom building on a 1424sq m site in three titles at 7, 9 & 11 Hopper St, Te Aro, Wellington has sold with vacant possession to an owner-occupier for $3,601,111 through Mark Walker and James Higgie, Bayleys Wellington. Two bare land titles have future residential development potential.
Tauranga office/showroom
A 883sq m commercial office/showroom at 18 Marsh St, Tauranga, was sold by Simon Clark and Duncan Woodhouse of Colliers International for $1,750,000 representing a yield of 4.95 per cent.
St John's Bidfood lease
A 2930sq m commercial office at 64 Morrin Rd, St John's, Auckland, has been leased to Bidfood Ltd by Paul Jarvie and Andrew Hooper of Colliers International, for annual rent of $423,207.
