An 1988sq m site at 15 Nugent St, Grafton, with a 939sq m industrial building occupied by Autohaus NZ, on a 12-month lease, has sold for $6.7m at 2.42 per cent yield through Alan Haydock and Phil Haydock of Bayleys City & Fringe.
Red Shed at Gore
The Warehouse at 5-11 Irwell St, Gore, has been sold for $5,658,000 by Dean Collins and Gareth Fraser of Colliers International. The sale price represented a yield of 7.79 per cent.
Otahuhu industrial building
A 2607 sq m industrial building on a 4778 sq m site at 192 James Fletcher Drive, Otahuhu, with new six-year lease to an established tenant and two six-year rights of renewal, has sold for $4,361,500 at a 6.5 per cent yield through James Were and Scott Kirk, Bayleys Auckland.
Volkner Place, Albany
A 605sq m warehouse on a freehold 1542sq m site at 11 Volkner Pl, Albany, has been sold for $1,667,000 by Mike Ryan, Matt Prentice and Ryan de Zwart of Colliers International. The sale price represented a yield of 5.09 per cent.
Childcare centre
A 959sq m freehold site (buildings not included) at 93 Selwyn St, Onehunga, has sold at Bayleys' latest Total Property auction for $1.7m through Paul Dixon, Bayleys Auckland and Tony Chaudhary, Bayleys South Auckland. Leased to a childcare centre till February 2018, it is producing income of $12,000 per annum.
Warehouse and offices
Also selling for $1.7m at the auction was a 1469sq m two-level warehouse and office building on 1142sq m at 80 Delta Avenue, New Lynn. It is partially tenanted at $54,050 per annum, with the vendor occupying the balance. The sale was through Grant Miller, Laurie Bell and Mike Adams of Bayleys West Auckland division.
