In southern Hawke's Bay, the land and buildings housing The Warehouse at 2 High St, Dannevirke, has been sold for $3.7m to a Wellington investor by Brendon and Lynn Bradley of Bayleys Tauranga in conjunction with Rollo Vavasour of Bayleys Havelock North.
Taupiri Farm Source sold
The 986sq m Taupiri branch of Fonterra-owned Farm Source on its 3948sq m site was sold to a passive investor from Auckland for $2,250,000 by Josh Smith of Bayleys Waikato.
Albany showroom/warehouse
A 946sq m modern retail showroom/warehouse at Unit 4, 35 William Picking Drive, Albany, was sold by WP Properties Ltd to an owner-occupier through joint sole agents Jimmy O'Brien of Colliers International and Marty Van Barneveld of Harcourts for $2,765,000, representing a yield of 6.14 per cent.
Big Hastings site flipped
A 1640sq m large format retail warehouse, tenanted to trampoline franchise Flipout on a five-year term, and it's a 3049sq m site at 403 St Aubyn St, Hastings, was sold by Paul Garland of Bayleys Havelock North to a local investor for $1,640,000 and an 8.84 per cent yield.