A Queen St retail unit sold on a 4.6% yield at Colliers’ auction yesterday.
155 Queen St, unit B:
Features: 109m², seismic rating 80% of new building standard
Rent: $242,000/year net + gst + opex at $2220/m², 6-year lease to Specsavers NZ Ltd from March 2016 plus one 6-year right of renewal, 3%/year fixed growth
Outcome: sold for $5.31 million + gst at a 4.56% yield
Agents: Kris Ongley, Adam White & David Burley