The 8 properties in Bayleys’ latest South Island sales report cover a wide range – from a tavern & motel business in Marlborough to industrial sites at Izone & IPort, and commercial, industrial & retail premises in Ashburton, Blenheim & Christchurch.
Bayleys agents in the South Island finished 2018 with 8 commercial sales, including the sales of 2 vacant sites in the Izone Business Park in Rolleston, 27km south-west of central Christchurch, and their role in the sale of the South Dunedin Countdown store by Investore Property Ltd.
The Trust Investments Property Fund has ended up with ownership of HEB Construction Ltd’s headquarters building in Wiri at a slightly higher price than it negotiated early last year after the rental figure was finalised, taking its portfolio of commercial properties to $150 million.
Investore Property Ltd has an unconditional agreement for the sale of its Countdown supermarket in South Dunedin, 10 months after a tender for it closed.
Augusta Capital Ltd announced last Monday it had entered into an unconditional agreement to acquire land in the Queenstown cbd for a 5-star hotel development, and on Friday it confirmed settlement.
Bayleys agents have sold 11 commercial properties around the South Island, from Nelson to Queenstown but mostly around Christchurch. They include 2 development sites in Selwyn District Council’s Izone business park and one in the Northfield business park in Papanui (pictured above).