2 Rosedale sales & a lease, one Wairau Valley sale

Bayleys & Omega Commercial have jointly sold 2 properties on Omega St in Rosedale, on the North Shore.

Bayleys agents have also achieved the resale of a Wairau Valley property and have leased one in Rosedale.

Sales

North-east

Rosedale

5-7 Omega St:
Features: 4129m² site, 1952.48m² office, 87 parking spaces, tenant Flintfox Plan B Ltd
Rent: $490,155/year net + gst
Outcome: sold in November for $7.8 million + gst at a 6.28% yield
Agents: Brian Caldwell (Bayleys) & Omega Commercial

19 Omega St, lot 1:
Features: 802m² site, 375.75m² industrial building, 8 parking spaces 
Outcome: sold vacant in December for $1.68 million + gst
Agents: Matt Mimmack & Laurie Burt (Bayleys) & Omega Commercial

Wairau Valley

18 Poland Rd:
Features: 3811m² site, 2773m² industrial building – office 972m², warehouse 1669m², showroom 132m², tenant Fresco Shades NZ Ltd 
Rent: $330,000/year net + gst
Outcome: sold in November for $5.5 million + gst at a 6% yield; the property was sold in August 2017 for $4.95 million at a 5.86% yield on rent of $290,000
Agents: Trevor Duffin & Ranjan Unka

Lease

Rosedale

4 Orbit Drive, unit F2:
Features: 220m² office unit – office 164m², warehouse 56m², 3 parking spaces
Rent: leased in December for $58,000/year net + gst – office $275/m², storage $160/m², parking $25/space/week ($3900/year)
Agents: Jane McKee (Bayleys) & Max Andrews (Barfoot & Thompson)

Attribution: Agency release.

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