Bayleys' latest Total Property auction results, included the sale of a two-level 1124sq m commercial unit at 185-189 Great South Rd, Manurewa, with multiple retail and office tenants. Located between New World and the entrance to Southmall Shopping Centre, it sold for $2,450,000 at an 8.81 per cent yield through Oscar Kuang, James Chan, Bayleys Auckland and Tony Chaudhary and Janak Darji, Bayleys South Auckland.
North Shore commercial unit
A 341sq m commercial unit at 1D, 89 Ellice Rd, North Shore, has been sold at auction by Euan Stratton, Sean Finnegan and Sam Sherning of Colliers International for $1,482,000 representing a yield of 5 per cent.
Wiri Aerovista site
A 3931sq m freehold site at 14 Aerovista Place in Wiri was sold post auction for $1,750,000 at 5.71 per cent yield and a land value of $445 per sq m, through Nick Bayley and Dave Stanley, Bayleys South Auckland. The bare land site has a Heavy Industry zoning and has a five-year lease to Titan Containers NZ from March 2016.
East Tamaki office/retail
A two-level 516sq m office/retail building at 21 East Tamaki Rd, Auckland has been sold at auction by Matt Barnes, Jeremy Barnett & Gareth Fraser of Colliers International for $1,610,000 representing a yield of 7.6 per cent.
Triton Drive 10-year- old
A 700sq m 10-year old industrial unit at 19-21 Triton Drive, Albany, occupied by Global Survey Ltd, has sold for $2,467,000 at a 5.8 per cent yield through Michael Nees and Laurie Burt, Bayleys North Shore Commercial.
Five Glen Eden shops
A 1027sq m strip of five retail shops on three titles at 94-106 Glengarry Rd, Glen Eden, Auckland has been sold at auction by Michael Bray, Deborah Dowling & Gareth Fraser of Colliers International for $2,180,000 representing a yield of 5.77 per cent.
