Colliers agents have sold a Rosedale office & warehouse on a 4.3% yield, plus a 2-storey office unit in Mt Eden and a Queenstown redevelopment site.
19 Edwin St, unit 1:
Features: 656m², 2-level office unit with own internal stairwell, 11 parking spaces
Outcome: sold with vacant possession to a private investor for $2.15 million + gst
Agents: Jonathan Lynch & Hamish Paterson
3 Ride Way:
Features: 1420m² site, 1060m² roadfront office & warehouse in the North Harbour industrial estate, recently refurbished, A grade seismic rating
Rent: tenant for the last 5 years, Signcraftsmen Ltd, signed a new 6-year lease from 1 April, plus 2 3-year rights of renewal, rent $169,693.50/year + gst
Outcome: sold for $3.938 million at a 4.3% yield
Agents: Jimmy O’Brien & Matt Prentice
31 Man St:
Features: 582m² redevelopment site in the recently expanded town centre zone, 3-bedroom 1960s house on site
Outcome: sold for $2.53 million
Agents: Barry Robertson & Steve McIsaac
Attribution: Agency release.