Porana Rd units sell
Wairau Valley industrial:Bayleys sold three industrial units on Porana Rd, Glenfield, at auction or soon after last week, with another two under negotiation.
The units were among seven at 59-63 Porana Rd, in the Wairau Valley, taken to market, each with two parking spaces. Unit 10, 76mÂ², sold for $65,000 ($855.26/mÂ²), unit 13 and unit 15 for $70,000 each ($921.05/mÂ²). The double-sized unit 19 is under negotiation with a top bid of $140,000 and the double offering of units 11 (78.3mÂ²) and 12 (the standard 76mÂ²) is under negotiation after a top bid of $130,000.
At 39 View Rd, Glenfield, unit 1 is under negotiation after a top bid of $140,000. It’s a 295mÂ² high-stud warehouse with office space and five parking spaces.
East Tamaki industrial: At East Tamaki, a 280mÂ² industrial building at 21B Stonedon Drive is under negotiation after a top bid of $130,000.
Remuera retail: In the heart of the Remuera shops, two units taken to the market for the first time in 53 years were sold for $770,000. The shops, at 352-354 Remuera Rd, are returning $63,872, giving an 8.3% yield.