An 880sq m commercial office and retail on 1844sq m of land at 345-347 Kapiti Rd, Paraparaumu Beach, has sold by tender for $2,013,000, representing a yield of 7.47 per cent, in a deal brokered by Dean Anderson of Colliers International.
CBRE auction successes
A 660sq m industrial property at 12 Stock St, New Lynn, marketed by Michael Bray and Deborah Dowling of CBRE, was sold at auction for $970,000. A 900sq m clear span office-warehouse, at 28CAndromeda Crescent, East Tamaki, marketed by CBRE's Patrick Sammon and Lewis Watson, sold at the same auction for $1.75m.
Tauranga commercial land
A home on a 414sq m section zoned for commercial use and including four onsite car parks, at 194 15th Ave, Tauranga, was sold for $550,000 through Bayleys Tauranga salesperson Lloyd Davidson.