Published 17 September 2005
Bayleys Real Estate sold 16 commercial & industrial properties for more than $20 million in the upper North Island parts of its Total Property auctions this week. Results are listed under Organisations/Agencies/Bayleys on the Propbd website, and also in the Neighbourhoods section.
Te Atatu North, 552 Te Atatu Rd, 1960s building with 768mÂ² floor area on 839mÂ² site, sold for $1.04 million; currently returning net $59,000/year from various short-term tenancies, sold at a yield of 5.7%. Sales, John O’Brien, Quinn Ngo & James Chan, Auckland Central.