Three light industrial premises built in the late 1980s and 2001 at 63, 65A, 65B Maleme St, Tauranga, on separate titles totalling 1.6417ha with multiple tenancies, have been sold for $7.7m at 6.61 per cent yield by James Ross, Bayleys.
Vacant in Airpark Dr
An industrial property at 3A Airpark Dr, has sold vacant for $4.35m. It comprises a 1660sq m office and warehouse on a 2521sq m freehold site. The off-market sale was transacted by James Appleby, Brad Johnston and Paul Jarvie of Colliers.
Manurewa commercial building
A 1033sq m 1980s' commercial building on a 1036sq m site, at 236 Gt South Rd, Manurewa was sold at a Bayleys Total Property auction for $2m at an 8.25 per cent yield through Shane Snijder, Dave Stanley and Piyush Kumar. A community and education services tenant has a five-year lease until October 2020.
Dunedin Fonterra warehouse
A large warehouse property leased to Fonterra in Dunedin's Silverstream Industrial Park has sold for $1.6m, at a yield of 9.5 per cent. The sale of Lot 3, 180 Dukes Rd, North Taieri, was brokered by Dean Collins of Colliers. It comprises a 2257sq m warehouse with high roller doors, a canopy and in-built offices and amenities on a 3033sq m freehold site.
Bare Rosedale site
A 2,951sq m bare site at 59 Arrenway Dr, Albany, has sold for $2.1m at $711 per sq m through Matt Mimmack and Laurie Burt of Bayleys. It is one of the few such sites remaining at Interplex Business Park, Rosedale.
Gisborne citrus orchard
An 11.07ha citrus orchard and homestead at 297 Matawai Rd, Waerenga-a-hika, Gisborne, sold prior to auction for $2.3m in a deal brokered by rural and lifestyle specialists David Egan and Alan Thorpe of Colliers.
A unit in Andromeda
A 600sq m industrial unit at 25A Andromeda Cres, East Tamaki, has sold for $1.55m, at a yield of 5.18 per cent in a deal brokered by Colliers' Jolyon Thomson and Joshua Franklin.
