A 1700sq m bulk retail building on a 4019sq m corner site at 102-106 Taradale Rd, Napier sold for $3.15m at a 6.98 per cent yield through Sam MacDonald and Gary Wise of Bayleys Hawkes Bay. It is occupied by national tenants Mico Plumbing and Bike Barn
Church at Raumati South
A 946sq m church on a 4749sq m large freehold site at 20 Jeep Rd, Raumati South, was sold by private treaty to Collie Properties for $975,000 in a deal was brokered by Dean Anderson of Colliers International.
Tauranga city site
A 1060 sq m City Centre zoned site, with a 49m height allowance at 74 Grey St, Tauranga, and occupied by a 1290sq m retail and office building that is fully leased to four tenants, sold for $2.4m at a 5.88 per cent yield through Brendon and Lynn Bradley of Bayleys Tauranga.
Two Wellington units
Two commercial units totalling 425sq m at 4A and 4B, 33 Kaiwharawhara Rd in Wellington have sold by negotiation for $940,000 in a deal brokered by Ben Taylor of Colliers International.
