A large 1.9488ha rear property, comprising a mostly bare land site with a heavy industrial zoning, at 82 Hunua Rd, Papukura, has sold with vacant possession for $4.4m at $225.7 per sq m through Shane Snijder and Peter Migounoff, Bayleys South Auckland.
Trade retail site
A 595sq m unit title trade retail site at 24A Harris Rd, East Tamaki, has sold by negotiation through Jolyon Thomson and Paul Higgins of Colliers International for $1,850,000 representing a yield of 5.99 per cent.
Glendene freehold standalone
A partially refurbished 250 sq m standalone industrial building on a 3584sq m freehold site at 3 Bancroft St, Glendene, sold post-auction for $2.8m at an 8 per cent yield, through Dave Stanley if Bayleys South Auckland and Stuart Bode of Bayleys West Auckland division. It has a six-year lease to a long-established tenant in occupation for over 30 years.
Vacant units in Albany
Three industrial units at 63 Arrenway Drive, Albany, have sold vacant for a total of $1,490,000 through Eddie Zhong, Matt Mimmack and Michael Block of Bayleys North Shore Commercial. Two adjoining units encompassing 160sq m of warehousing and 40sq m of office plus four parking spaces sold for $970,000. A 120sq m unit with 80sq m of warehousing and 40sq m of office sold for $520,000.
Havelock North commercial
A 490sq m commercial office and retail property at 11 Donnelly St, Havelock North, has sold by negotiation through Dan Walker and Danny Blair of Colliers International for $1,135,000 and a yield of 5.9 per cent.
