A building at 503 Mt Wellington Highway has been leased to a multi-national tenant for $396,000 annually by Knight Frank's David Arlidge. The 3128sqm property comprises a 1990sq m warehouse, 880sq m office/showroom, 332sqm canopy and 41 carparks.
Freehold in Freemans Bay
The sale of a 1219sq m mixed use freehold site at 25 Hargreaves St, Freemans Bay, for $5.4m was brokered by Kris Ongley of Colliers International and Richard Kirk of Bayleys.
Ellerslie commercial site
A 4547sq m commercial development site at 43 Wilkinson Rd, Ellerslie, was sold for $4m after brokering by Gareth Fraser, Kris Ongley and Charlie Oscroft of Colliers International.
Takapuna development corner
A Mixed Use zoned 1126sq m corner site at 19-21 Taharoto Rd, Takapuna, with two residential dwellings on it and allowing for development up to four levels has sold for $3.9m through Eddie Zhong, Adam Watton and Adam Curtis of Bayleys North Shore Commercial.
Palmerston North industrial
A 1.32ha industrial site at 433-441 Rangitikei St, Palmerston North, has sold for $2.8m in a deal brokered by Grant Lloyd, Phil Nevill and Doug Russell of Colliers International.
Orewa Town Centre building
A 316sq m office building on a 559sq m site at 21 Tamariki Avenue, Orewa, with a Town Centre zoning and 11 parking spaces, was sold for $1,425,000 by Rosemary Wakeman of Bayleys North Shore Commercial and Mustan Bagasra, Bayleys Orewa.
Auctioned in East Tamaki
A 7099sq m freehold industrial site at 9 Bostock Place, East Tamaki, marketed by Paul Higgins and Greg Goldfinch of Colliers International, has sold at auction for $5,650,000 representing a yield of 6.9 per cent.
High-stud in Hornby
A 1200sq m high-stud warehouse and 200sq m office building on a 44,391sq m site at 128A Waterloo Road, Hornby, and occupied by a high-tech engineering export company on a 12-year-lease from 2012, has been sold for $4.1m at a 6.7 per cent yield by Stewart White, Chris Frank, and Alex White of Bayleys Christchurch.
