Bayleys sold 8 properties for $16.6 million at its first Total Property commercial auction for the year on Wednesday (one of those shortly post-auction), out of 14 on offer.
3 of the 5 units auctioned at Ray White City Apartments today were sold under the hammer.
Bayleys agents have sold a Freemans Bay building at a sub-5% yield and 2 properties in Glen Eden & New Lynn (a former petrol station, now car yard, pictured above) for yields around 5.5%.
4 of the 7 Auckland commercial properties offered at Bayleys’ second Total Property auction of the year on Wednesday sold under the hammer, and another commercial property sold the previous day at an East Tamaki auction. 3 properties were passed in.
3 apartments were sold and 2 passed in at Ray White City Apartments’ auction today.
An apartment on St Patrick’s Square (building pictured) and another at the top of the Auckland cbd, in Scotia Place, sold under the hammer at Ray White City Apartments’ auction yesterday. 3 others were passed in at an auction which attracted multiple bidders on 2 properties, none on another. Assuming a 5% return on current […]