A 1683sq m office and warehouse facility on a freehold 2462sq m site at 25 Rennie Drive, Auckland Airport has been sold at auction by Brad Johnston and Paul Jarvie of Colliers International for $3.4m - representing a yield of 5.44 per cent.
Tauranga corner buildings
A 1427sq m site on the corner of Fraser St and Fifteenth Avenue, Tauranga, with three modern standalone office buildings totalling 538sq m, sold at auction for $1,930,000 at a 6.2 per cent yield through Brendon and Lynn Bradley and Blair Cashmore of Bayleys. It is leased by Classic Builders Ltd until mid-2019.
Texas Chicken
The Texas Chicken restaurant's 260 sqm unit at Unit 14, 301 Lincoln Rd, Henderson, has been sold at auction by Shoneet Chand, Matt Prentice, Sean Finnegan and Melissa He of Colliers International. at auction for $3,236,000 - representing a yield of 5.1 per cent.
Howick retail building
A 590sq m retail building with six well established tenants on an 875sq m site at 8-14 Moore St, Howick, was sold through Tony Chaudhary, Janak Darji and Amy Weng of Bayleys, South Auckland. after a Bayleys' Total Property Auckland auction for $2.3m - representing a 4.3 per cent yield.
Coffee and tea retailer
Also sold post the Auckland Total Property auction for $910,000 was a 105sq m retail unit at 12 Amera Place, East Tamaki. Marketed by Katie Wu and John Bolton of Bayleys South Auckland, it sold at a 5.45 per cent yield, with a new six-year lease to a coffee and tea retailer which has occupied it for 11 years.
Tauranga industrial site
A freehold 2.9ha brownfields industrial site across two titles at 80 Hotuhotu St and 120 Whakakake St, Tauranga, was sold for $3,090,555 by Simon Clark and Rob Schoeser of Colliers International.
