A 720sq m standalone office, with warehousing, eight carparks and a 4-bedroom penthouse apartment on 311sq m Mixed Use site at 14 Charlotte St, Eden Tce, was sold for $2.58m by James Were and Scott Kirk, Bayleys Auckland.
Gisborne orchards
A rural Gisborne property with income from a mandarin orchard has sold at auction for $1.3m. The 7.145ha property at 944 Back Ormond Rd, Makauri, features a recently refurbished four-bedroom home, a large garage and a shed set among groves of Miho and Kwano mandarins. The sale was brokered David Egan and Alan Thorpe of Colliers Gisborne, who also sold by negotiation for $1,435,000 plus GST, a 5.416ha citrus orchard with a residence at 47 Bolitho Road, Waerenga-a-Hika, Gisborne.
Off-market Papamoa sale
A 3167sq m vacant commercial landholding at 46 Ashley Place, Papamoa, was sold for $1,456,820 in an off-market sale brokered by Rich Davidson of Colliers Tauranga.
Wairau Valley retail
A 175sq m retail premises including 46sq m of covered terrace at 2/160 Wairau Rd, Wairau Valley, sold via negotiation by Matt Lee, Bayleys Auckland, for 1.83m at a 4.99 per cent yield - the lowest yield recorded in the complex since its original unit title sell-down in 2013.
Modern Taupo unit
A modern industrial unit with a long-term tenant at 40 Raywood Crescent, Taupō, has been sold by negotiation for $790,000, at a yield of 6.96 per cent, in a deal was transacted by Tom Lyons of Colliers International Taupō. Built in 2008, the property comprises a 456sq m workshop, mezzanine and office building on a 959sq m site.
Khyber Pass first floor
A 177sq m first floor office premises, plus seven carparks at L/375-389 Khyber Pass Rd, Newmarket, part of an 18-unit complex, has been sold at auction for $1.22m at a 5.49 per cent yield by Matt Lee, Matt Gordon and Quinn Ngo, of Bayleys Auckland.
Christchurch character
In a deal brokered by Courtney Doig of Colliers International, one of the last remaining 'as-is, where-is' character buildings in the Christchurch CBD has sold for $795,000. On the corner of High and St Asaph Sts, the building is in the heart of recently restored heritage properties. It occupies a total site area of 181sq m and consists of two floor plates each of 170sq m with a roof top terrace allowing for future flexibility dependant on end use.
Manukau corner site
A 408sq m industrial unit with 11 carparks on a corner site accommodating a cafe and fudge manufacturer at 3/39 Cavandish Dr, Manukau, was sold by negotiation for $1.21m at a 4.99 per cent yield by Rohit Khanna, Janak Darji and Tony Chaudhary, Bayleys South Auckland.
Industrial development block
A 5.31ha block of industrial development land planted in a seasonal crop at 48 Dunstan Rd, Gisborne, has sold at auction for $1.05m through Philip Searle of Colliers Gisborne. Zoned Rural Industrial it allows subdivision down to 2ha and a wide variety of permitted uses.
