4 more sales take Wellington auction clearance to 100%

4 properties that were passed in at Bayleys’ Total Property commercial auction in Wellington on 6 December have since been sold, giving 100% clearance. 11 properties were sold on the day.

South of the Bombays

Wellington

Lyall Bay

219 Onepu Rd:
Features: 491m2 corner site, 2-level, recently refurbished 170m2 character timber building; Botanist Café & Restaurant occupies ground floor with 9 years to run on lease; 2 2-bedroom apartments above
Outcome: sold for $1.91 million
Agents: Richard Faisandier & Mark Walker

Naenae

53-55 Treadwell St:
Features: 298m2 corner site, dual street frontage, in heart of Naenae shopping centre, 470m2 2-level commercial premises; opportunity to add value through building strengthening
Outcome: sold with vacant possession for $325,000
Agents: Jon Pottinger & Ethan Hourigan

Ngauranga

5-7 Lower Tyers Rd, unit 13:
Features: 955m2 industrial building, seismic assessment 80% new building standard, 5 parking spaces
Outcome: sold with vacant possession for $900,000
Agents: Fraser Press & Ethan Hourigan

Petone

47 Hutt Rd:
Features: 369m2 site zoned general business, 251m2 showroom/warehouse building
Rent: estimated potential net annual rental income $55,000/year net + gst
Outcome: sold with vacant possession for $750,000
Agents: Andrew Smith & Paul Cudby

Earlier story:
10 December 2018: 11 sell at Bayleys’ Wellington commercial auction

Attribution: Agency release.

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