A 280 sq m retail premises on a 334 sq m site at 411-415 Victoria St, Hamilton, has been sold by Mark Brunton and Justin Oliver of Colliers International for $1,860,000 - representing a yield of 6.23 per cent on the recently refurbished property that is leased to a listed company until July 2025.
New Manukau industrial
A new 1444 sq m industrial building scheduled for completion in mid 2016 and comprising a 1228 sq m warehouse with a nine to 10.3 metre stud, plus a 175 sq m canopy and 216 sq m of office space, located on a 2215 sq m Business 6 site at 3 Wilco Place, Manukau. has been sold vacant to an investor for $3,210,000 by Mike Marinkovich of Bayleys South Auckland.
Tauranga office and warehouse
A 2721sqm site with a 1100 sq m office and warehouse at 35 Poturi St, Tauranga, has been sold by Simon Clark and Rob Schoeser of Colliers International for $1,570,000 representing a yield of 7.7 per cent.
Hamilton medical mile building
A modern building at 35 mbroke Street on Hamilton's medical mile between the hospital and CBD, leased long-term to a national radiology provider, has sold for $1,542,000 through Andrew Shaw of Bayleys Waikato. Shaw says the tenant has made a substantial capital outlay and modified the building for its specific requirements.
