Published 11 December 2005
Bayleys Real Estate has sold 38 properties for more than $40 million in a series of Total Property auctions around the country.
East Tamaki, 277 East Tamaki Rd, 2-level 875mÂ² medical centre with leases to 2011 to ETHC Services Ltd & East Tamaki Pharmacy, sold for $1.62 million at a 9.9% yield. (Mark Pittaway, Bayleys Manukau).
East Tamaki, 47a Greemount Drive, 20-year-old 765mÂ² warehouse & office building with a new 6-year lease to Safco Ltd, sold for $1.07 million at a 7.85% yield, producing $84,000/year net rent. (John Bolton, Roy Rudolph & Katie Wu, Bayleys Manukau).
East Tamaki, 46E Sir William Avenue, 533mÂ² unit-titled warehouse & office building with 9 parking spaces, sold vacant for $560,000. (John Bolton & Shane Snijder, Bayleys Manukau).
East Tamaki, 41A Sir William Avenue, 205mÂ² warehouse & office unit, leased to TECC (Auckland West) Ltd until 2011, sold for $272,000 at a 9.2% yield, net rent $25,000/year. (Shane Snijder, Bayleys Manukau).
East Tamaki, 2/186 Te Irirangi Drive, 285mÂ² retail outlet, leased to Super Butcher at $78,000/year net rent, passed in at $725,000. (Roy Rudolph & Katie Wu, Bayleys Manukau).