A light industrial building in New Lynn was sold on a 5.8% yield at Bayleys’ auction today. A Nexus apartment in Grey Lynn was sold, and one in Aero, Parnell, was passed in.
Streetfront retail properties in New Lynn & Papatoetoe – both redevelopment prospects – sold under the hammer at Colliers’ auction today. North-west New Lynn 3114-3120 Great North Rd (pictured above): Features: 486m² site zoned business – metropolitan centre, 307m² single-level strip retail building, 18m street frontage, 4 tenants, 3 leases expire in 2021, 2023 & […]
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.
Industrial & commercial property specialist Commercial Realty Ltd has reported deals completed over $50,000 from May to July.
A commercial building in New Lynn and a Harvard apartment in the city centre were both passed in at Barfoot & Thompson’s auction today.