Colliers International held its busiest local commercial auction for years last week, says Simon Clark, investment sales director for the firm in Tauranga.
Six properties were sold during the auction for $9.7 million, with another, the new Bethlehem Birthing Centre, being sold by private treaty two days prior to the auction for approximately $7 million.
"It was certainly the most active auction I have seen for several years," he said. "It's very rare to get so much quality interest in investment stock at one time." The auction attracted 70-to-80 potential investors.
Mr Clark said there had been a noticeable uptick in interest in the Tauranga commercial investment property market since the election.
"Post-election, we have seen a massive amount of enquiries and a lot of out-of-town interest," he said.