Napier Quest hotel
A 2692sq m, 47-room hotel at 176 Dickens St, Napier, on a new 10-year lease to a Quest serviced apartment franchise has been sold by Colliers International brokers Ian McLachlan and Jack Elliott by negotiation for $7.1m.
Wairau Valley warehouse
A vacant 868sq m office/warehouse facility at 1/188 Target Rd, North Shore has been sold post-auction for $1.65 million by Euan Stratton, Matt Prentice and Shoneet Chand of Colliers International.
Papatoetoe commercial
A 1019sq m commercial building on 1533sq m at 230 Great South Rd, leased to health care service providers until 2020, sold for $3,450,00, a 6.01 per cent yield through Tony Chaudhary, Amy Weng and Janak Darji, Bayleys South Auckland.
Albany timber yard
A 2737sq m former timber yard zoned Light Industry has sold with vacant possession for $3m at $1096 per sq m through Ranjan Unka and Anna Radkevich of Bayleys North Shore Commercial and Andrew Smith of Bayleys Wellington
Gisborne Corrections office
A 1216sq m office on a 2024sq m freehold site at 156 Kahutia St, Gisborne, and with a long-term lease to the Department of Corrections, has been sold by Colliers International brokers Cam Ward and Kerry Geange by negotiation for $4.8m.
