A BP branded petrol station on a 550sq m unit title at 47 Jervois Rd, Auckland, has sold on the market for $2,825,000. The deal was brokered by David Palmer and John Davies of Colliers International, representing a yield of 4.6 per cent.
Petone retail site
A 2130sq m site 10 Te Puni St in Petone West's bulk retail precinct with a 1503sq m high-stud industrial building sold at auction for $2,394,000, representing a 6.1 per cent yield, through Bayleys' Matt Gibbs and Fraser Press. It is leased to three tenants with expiry dates from 2018-2020.
Office investment
A 354sq m freehold two-storey office investment, at 15 Leslie Hills Drive, has sold at auction for $902,500. The deal was brokered by Mark Macauley and Will Franks of Colliers International.
Onehunga bare land
A 493sq m vacant bare land site zoned Mixed Use, with a height limit of 21m, at 4 Newsome St, Onehunga, sold post-auction for $725,000 at $1,470.6 per sq m through Tony Chaudhary, Janak Darji and Amy Weng, Bayleys South Auckland.
Palmerston North building
A 220sq m retail building on a freehold 382sq m property at 360 Albert St, Palmerston North, has been sold at auction for $800,000 by Phil Nevill, Grant Lloyd and Doug Russell of Colliers International, at a yield of 5.5 per cent.
Papamoa industrial
A 1114sq m industrial building on a 3288 sq m site, at 61 Te Okuroa Drive, Papamoa, sold for $2,105,000 at a 6 per cent yield, through Brendon and Lynn Bradley, Bayleys Tauranga. Northpower has taken a two-year leaseback term.
Hastings retail
A vacant retail site at 630 Heretaunga St West, Hastings, has sold by negotiation for $975,000. The deal was brokered by Danny Blair of Colliers International.
