A 2049sq m industrial building on a 3283sq m site at 26 Vestey Dr, Mt Wellington, sold for $5.55m at a 5.54 per cent yield through Sunil Bhana, Mike Houlker of Bayleys Auckland and Ranjan Unka of Bayleys North Shore Commercial. Multi-national Estee Lauder, has been in occupation since 2000, and renewed its lease for six years in December 2013.
Albany supermarket
A 450sq m retail outlet at 21 Corinthian Dr, Albany, at the main entrance to Orchard Park Retail Hub, sold for $4.3m at a 6.04 per cent yield through David Han, Eddie Zhong, Terry Kim and Ranjan Unka of Bayleys North Shore Commercial. It is leased to an Asian supermarket trading as Yummy Mart for eight years from August 2017.
Victoria Quarter
A 247sq m corner-positioned, ground floor retail unit with two tenants at 20 Centre St, Auckland CBD, sold for $1.5m at a 6.66 per cent yield through James Chan, Oscar Kuang and Ben Wallace, Bayleys Auckland. It is occupied by international homeware company Zimba Designs and a Turkish eatery, both on three-year leases.
Greenlane lease
Auckland Knight Frank agent Sophie Dixon, has brokered the lease of Part Level 1, Office 2, 253 Great South Road, Greenlane – which includes three car parks — for $47,020.00 net.
Mount and Papamoa leases
Myles Addington of Knight Frank Tauranga has brokered the lease of Units 9 and 10, 4 Aerodrome Rd, Mt Maunganui, for $103,000 per annum net. The new 1050sq m high-spec warehouse and office with an excellent yard and car parking was leased for 10 years. Addington also brokered the lease of (area)Unit 2 & 3, 43 Enterprise Dr, Papamoa, for $30,000pa.
Christchurch office
Christchurch Knight Frank agent Hamish Haddow, sold 32A Birmingham Dr, Middleton, for $900,000, with vacant possession. The 306sq m level office building with 10 onsite car parks.
