Newmarket cinema complex
A 1985sq m seven-cinema complex on the top of the Rialto shopping centre at 153-185 Broadway, Newmarket, occupied by Rialto Cinemas, has sold for $4.5m at a 9.1 per cent yield through Alan Haydock, and Damien Bullick of Bayleys Auckland City & Fringe team. Rialto renewed its lease for five years in 2015.
East Tamaki trade units
Twelve trade units at the Twenty2 Central development, Polaris Pl, East Tamaki, have sold for close to $7m through Josh Franklin, director, industrial sales & leasing at Knight Frank.
Kumeu office/warehouse
A 1740sq m office and warehouse facility on a freehold 4153sq m property at 202-220 Main Rd, Kumeu, has been sold by Jonathan Lynch and Craig Smith of Colliers International for $2.2m - representing a land and buildings rate of $530 per sq m.
North Harbour Apollo
A 444sq m commercial unit at B1 63 Apollo Drive, Rosedale, North Harbour, has sold with vacant possession for $1,850,000 by Nick Recordon and Janet Marshall of Colliers International.
Mt Wellington industrial
A recently refurbished 1174sq m industrial building on a 2100sq m Light Industry zoned site at 6 Dryden Place, Mt Wellington, with a lease back to Connexwire until June 2027, has sold for $3,325,000 at 5.5 per cent yield through James Valintine and Sunil Bhana, Bayleys Auckland.
