A Warehouse store in the Bay of Islands has been sold through Bayleys at an 8% yield.
11 commercial properties were sold at Bayleys’ Total Property auctions outside Auckland last week, on top of 12 sales through its Auckland auction.
Northbridge Properties Group Ltd (Craig Green) has completed an 1800m² Tai Ping supermarket at 92 Rosedale Rd, the 17-unit stage 1 of the new Rosedale Retail Centre at 94 Rosedale Rd has been sold out and Bayleys agents have sold 8 of the 20 units in stage 2 this month.
Bayleys finished its Total Property auction series for the year with 20 sales under the hammer on Wednesday from 34 properties offered, and a post-auction sale confirmed yesterday.
Kerikeri, 63 Kerikeri Rd, 1100mÂ² retail building in 4 ground-floor tenancies with the 300mÂ² first floor vacant, on a 1091mÂ² site, returning $78,000 plus gst/year, was sold in a Bayleys Total Property auction for $975,000 at 8%. Sales: Alan Broadbent.