A newly developed industrial property leased to VINZ in Te Rapa, Hamilton, has sold for $2,758,000, representing a yield of 5.5 per cent. Lot 1, 59 Tasman Rd comprises a 1350sq m industrial building on a 3980sq m freehold site. The sale was brokered David Palmer, Peter Scammell and Justin Oliver of Colliers Hamilton.
Morningside commercial unit
A 446sq m commercial unit at 7C Taylors Rd, Morningside, Auckland, sold with vacant possession for $1,575,000 plus GST. The deal was brokered by Colliers' associate director Jonathan Lynch of the Auckland Investment Sales team.
Takapuna offices
A 660sq m two-level office building at 1 Shea Tce, Takapuna, on a 1012sq m Mixed Use zoned site opposite North Shore Hospital, sold for $3.55m through Michael Nees, Damian Stephen, Adam Curtis and Adam Watton of Bayleys North Shore Commercial. The top floor, occupied by Waitemata District Health
Board, is earning $102,620pa with a 330sq m ground floor tenancy recently vacated.
Wellington Level 8 floor
Colliers has sold an entire office floor in Wellington's 15-level Crowe Horwath House for $1.1m. The 692sq m property at Level 8, 57 Willis St, Wellington CBD, was sold by Rural Women New Zealand to a private buyer. The deal was brokered by Hamish Templeton of Colliers' Wellington Office.
Hamilton CBD lease and sale
A prime design build property in Hamilton CBD has been leased and sold off the plans through Colliers. Tertiary education provider NZMA has signed up to a 12-year lease on the 2000sq m commercial premises at 92-94 Tristram St. In a separate deal, the property has been purchased by a private investor for a yield of 6.25 per cent, with the purchaser funding development. Both transactions were brokered by Alan Pracy and Mark Brunton of Colliers Hamilton.
Avondale industrial
A 2041sq m industrial property on 3144sq m of Light Industry zoned land at 14-18 Honan Pl, Avondale, sold for $3,387,500 through James Hill and Mark Preston of Bayleys' central and west Auckland industrial team. Located just off Rosebank Rd, it comprises two buildings with 1606sq m of warehousing and over 30 car parks with a monthly lease on the rear building providing holding income of $80,000pa.
Manukau retail premises
Unit 4 at 597 Great South Rd, Manukau, comprising 290sq m of modern retail premises, sold for $1.92m at a 5.3 per cent yield through Tony Chaudhary, Amy Weng and Janak Darji, Bayleys South Auckland. Part of a nine-unit complex, it is occupied by a laundromat and cake shop.
High stud in Hastings
A 6994sq m high stud warehouse situated on 1.3844ha of industrial land at 27 Railway Rd, Hastings, sold with vacant possession for $2,835,000 through Paul Garland, Bayleys Hawkes Bay. An onsite bore has a substantial water take consent.
Auckland airport precinct
A 392sq m warehouse and office unit at 39B Rennie Dr, in the Auckland Airport industrial precinct, has sold for $920,000, representing a yield of 4.10 per cent. The deal was brokered by Ash Vincent of Colliers' industrial team.
