A 7872sq m purpose-built cool and cold store, built in 2008 with a large addition in 2016, at Lot 1, Factory Rd, Waharoa sold for $13,548,387 at a 7.75 per cent yield through Bayleys' Chris and Ben Bayley, Sunil Bhana and James Hill. It is on a 1.1175ha site, 6km north of Matamata, with its own railway siding. It has a new 15-year lease to Icepak NZ, part of the Hall's Transport Group.
Hastings bank property
A 3640sq m retail and office property at 200 Market St, Hastings, predominantly leased to Kiwibank, has sold to an out-of-town investor for $7,085,740, representing a yield of 6.13 per cent. The deal was brokered by Danny Blair of Colliers Hawke's Bay
Tauranga Judea industrial
Colliers Tauranga brokers Rich Davidson and Rob Schoeser sold 19-25 Montgomery Rd, Judea, Tauranga, for $2.85m, a yield of 6.2 per cent. The 3778sq m industrial property has a net lettable area of about 2042sq m across three freehold titles.
Waiuku town site
A 6660sq m town centre site in six titles at 24, 28 and 30 Bowen St; 4 and 6 Martyn Pl and 9 Court St, Waiuku — zoned Local Centre — sold for $3.25m at $492 per sq m through Shane Snijder and Virginia Zhou, Bayleys South Auckland. It earns $78,833 net from multiple residential leases.
Top 10 Holiday Park
An established Top 10 Holiday Park on 5.29ha at 2 Orere Point Rd, Orere Point, with a multitude of sites, permanent caravans, cabins and communal facilities, plus owner's accommodation, has sold as a freehold going for $2.5m through Josh Smith, Bayleys Waikato. An Auckland-based purchaser will continue to operate it a as holiday park with plans to expand services.
Napier industrial property
An 11,130sq m industrial property at 50 Johnston Way in Whakatu, Napier, has sold by tender for $2,479,800, representing a yield of 10 per cent. The deal was brokered by Rob Nankervis of Colliers Hawke's Bay.
High profile at Bell Block
A high-profile 725sq m warehouse and office on a 6689sq m freehold site at 87 Corbett Rd, Bell Block, New Plymouth, sold with vacant possession for $1,375,000. The deal was brokered by Colliers' New Plymouth broker Benet Carroll.
Albany offices
A 170 sq m office unit plus 13sq m balcony and five car parks at 75 Corinthian Dr, Albany, sold for $950,000 at a 5.79 per cent yield, on a new five-year lease to a longstanding tenant, through Jane McKee and Caroline McNaught, Bayleys North Shore Commercial.
