A commercial investment property, with long-term tenants, at 106 Commerce St, Whakatane, has sold for $2.6m, representing a yield of 7.8 per cent. The two-level, 1013sq m office building with 26 car parks on a 1553sq m freehold site was sold by Rob Schoeser and Simon Clark ofColliers Tauranga.
Big site at Papakura
About 2ha of industrially zoned land at 169 Dominion Rd, Papakura, was sold vacant for $5.1m through Bayleys agents Shane Snijder, Peter Migounoff, James Hill, Sunil Bhana and Mike Houlker. Excluding driveway access, the site has over 1.8ha of yard space.
East Tamaki industrial
A freehold industrial property at 42 Allens Rd, East Tamaki, has sold for $2.47m. It comprises a 736sq m warehouse and a 126sq m office on a 1647sq m site. The deal was brokered by Paul Higgins and Jolyon Thomson of Colliers.
Parnell showroom offices
A 538sq m three-level building at 15 Bath St, Parnell, with showroom and offices plus basement parking for 13 cars, on a 375sq m Mixed Use zoned corner site sold for $4.35m at a 5.16 per cent yield, through Bayleys' Alan Haydock and Damien Bullick. It is fully leased to two tenants.
Whoa! Studios deal
Colliers has brokered the sale and leaseback of Whoa! Studios, at 8-16 Henderson Valley Rd. The 5916sq m freehold property sold at a yield of 6 per cent in a deal brokered by Andrew Hooper, Hamish West, Josh Coburn, Caroline Cornish and Cherry Higginson.
Rotorua Lake Rd warehouse
A 698sq m freehold site with warehouse and offices at 164a Lake Rd, Rotorua, sold for $900,000, at a yield of 6 per cent, through Colliers' Mat Gibbard and Mark Rendell.
Highbrook Drive lease
A 1965sq m industrial unit at Highbrook Dr, East Tamaki, has been leased for six years for net annual rent of $346,800 by Tom Davison and Scott Campbell, Bayleys.
Albany Omega sale
A 375sq m industrial building on an 802sq m site with eight car parks at 19 Omega St, Albany, was sold vacant for $1.68m by Matt Mimmack and Laurie Burt, Bayleys and Derek Wallwork, Omega Commercial.
