Ray White Commercial agents have sold a Blockhouse Bay property on a yield just over 4%, a day after offers closed under a set date of sale process.
5 of the 14 properties were sold at Bayleys’ Total Property commercial auction on Wednesday and 5 attracted no bid. At the agency’s Tauranga auction, all 3 properties were sold under the hammer.
The Blockhouse Bay Countdown supermarket has been sold to a private investor through a Colliers tender at a 5.17% yield.
A 1950s weatherboard house in Blockhouse Bay was sold for $1 million at Bayleys’ residential auction on Wednesday – just short of the $1.05 million which Quotable Value said this week was the current average value of residential properties in the Auckland region. Also at the Wednesday auction, one apartment was sold prior and another was passed in.
14 intensive homes sold in the auctionroom or shortly after, out of 36 offered at Barfoot & Thompson’s city office in 6 sessions from Tuesday-Thursday this week.
An Onehunga warehouse sale started Barfoot & Thompson’s regular weekly commercial & apartments auction on a strong footing yesterday, but the entire residential auction market has been much weaker for months.