Bayleys agents have sold a 3.5ha light industrial site at Hobsonville, 3 adjoining industrial units in East Tamaki to one buyer and a cross-leased industrial property in Wiri.
92 Hobsonville Rd:
Features: 35,135m² bare site zoned light industrial; new title just issued
Outcome: sold to an owner-occupier for $10 million at $285/m²
Agents: Stuart Bode & Mike Bradshaw
5 Polaris Place, units G, H & J:
Features: 3 adjoining industrial units totalling 1771m², separate roller door access & amenities; comprising 679m² corner showroom/office/warehouse & 2 other warehouse units of 531m² & 561m²
Outcome: sold to an owner-occupier with vacant possession for $2.7 million
Agent: Roy Rudolph
117 Kerrs Rd:
Features: cross-lease, 2070m² roadfront industrial premises; 2 tenants – Manukau Collision Repairs on 6-year lease & Nulon on 4-year lease
Rent: $250,000/year net + gst
Outcome: sold for $4.2 million at a 5.95% yield
Agents: James Hill & Nelson Raines
Attribution: Agency release.